Custodian Cobo Wallet Closes $40M Series B to Expand Institutional DeFi Offerings

Posted on by American Coins & Gold

Custodian Cobo Wallet Closes M Series B to Expand Institutional DeFi Offerings
Singapore-based crypto custodian Cobo Wallet raised $40 million in a Series B round led by DST Global, A&T Capital and IMO Ventures.The funds will be used for Cobo’s so-called “DeFi as a Service (DaaS)” product. Speaking to CoinDesk, COO Lily Zhuo described the product as a one-stop solution for institutions that want to access decentralized finance investment tools.Cobo has served more than 300 institutions and has enabled $20 billion in transactions through its platform, the company said in a press release on Thursday.DST Global is one of the world’s biggest venture capital firms. A&T Capital, which is a new VC…