On September 23, 2021, Singapore time, Cobo, a cryptocurrency custody and asset management platform and one-stop technology infrastructure provider, announced the completion of a US$40 million Series B round of financing led by DST Global, AT Capital and IMO Ventures.
Headquartered in Singapore, Cobo is a comprehensive custody and asset management platform based on blockchain technology and encrypted financial services, providing one-stop financial services to high-net-worth users and institutions, including custody Custody, wallet service WaaS, transaction service Trading, Pledge service StaaS and DeFi service DaaS meet customers needs for different types of financial assets and financial instruments.
It is understood that Cobos new round of financing will be used to improve DaaS services, apply for regulatory licenses, etc., to meet the compliance requirements of different markets for anti-money laundering (AML) and combating financing of terrorism (CFT), and continue to maintain its global reputation Leading position in innovation. The DaaS launched this time - DeFi as a Service service, will satisfy global institutions and their customers to access DeFi safely, quickly and in compliance. Institutions can enjoy the benefits of DeFi smart contracts with different risk levels in the market without understanding the complexity of DeFi.
With four years of continuous accumulation, Cobo has served more than 300 institutions and covered more than 85% of the second-tier crypto exchanges in the Asia-Pacific region through one-stop custody services, with a cumulative transaction volume of US$20 billion. Cobos institutional clients include Deribit, F2Pool, BitMart, and Pionex, etc. The types of clients cover exchanges, wallets, funds, mining pools, and traditional investment companies. Cobo products are favored by users for their security, high standards, powerful functions, friendliness, Loop alliance, and zero-fee transfers.
Cobo has a Crypto Native encryption native gene. The founder and team are the first aborigines to join the encryption world. They have more than ten years of practical experience in the field of cryptocurrency, and have participated in and driven innovation in the Asia-Pacific field in many historical events.
Cobo co-founder and CEO Discus Fish is one of the earliest cryptocurrency pioneers in Asia. He once founded Chinas first Bitcoin mining pool F2Pool, and has considerable experience in innovative fields such as Metaverse, GameFi, DeFi and NFT. Big influence. Co-founder and CTO Dr. Jiang Changhao (Changhao Jiang), founded the encrypted digital wallet - Currency Bank in 2013 after returning from the United States. In terms of security, he has always maintained a cutting-edge perspective and practice, and developed high-performance while working at Google and Facebook. The Big Pipe protocol.
Jiang Changhao said: The team is developing and improving important infrastructure to benefit the entire encryption ecosystem. In the future important DeFi field, through the exploration of actual scenarios of self-operated funds, combined with commonality, we have launched a DaaS that meets the financial audit needs of institutional customers. Think of us as the AWS of encryption.”
With the mission of Bridge the gap between crypto and users, Cobo hopes to become the creator of history and practice in the field of cryptocurrency, use technology and products to build a bridge between users and the encrypted world, and contribute to the breakthrough of financial innovation technology.
