Home > NEWS > Coincover secures $30M in funding to strengthen digital asset security

Coincover secures $30M in funding to strengthen digital asset security

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Coincover, a digital asset maintenance company based in London, received $30 million in a round of financing led by Foundation Capital, and CMT Digital also made follow-up investments.

According to Coincover, this asset will be used to expand its business scale, promote promotion, develop new products, and develop strategic partnerships that can help enhance the security of the cryptocurrency ecosystem and provide more professional maintenance for units and individuals who own digital assets.

Coincover was founded in 2018 and released in 2019 to provide trust to the digital asset industry. The company has worked with more than 300 companies, including trading centres, wallets, financial derivatives, large family investment offices, financial institutions and some digital asset fund custodians.

Coincover intends to solve the security problems in the digital assets industry by providing users with a solution to prevent both network threats and human errors. Coincover aims to lay the foundation for more mature and trustworthy industries based on deceptive and deceptive theme activities. The company's products also claim to not only reduce the risk of moving and storing cryptocurrencies, but also change people's views on digital assets and boost confidence in the industry.

Peter Janshelovsky, co-founder and CEO of Coincover, shares:

At Coincover, we avoid a customer being proud that he can't open his cryptocurrency, whether it's incorrect or tragic and becomes a deliberate online hacker target. [.] With this new asset, we can add professional services to all current and future customers-building a stronger and more mature digital asset ecosystem in the process.

Despite a long bear market in the stock market, new Web3 projects continue to raise funds for infrastructure and innovation in the ecosystem.

On Jan. 25, Cointelegraph announced that Inputive has launched a $150 million ecosystem equity fund to promote diversified equity financing and the selection of Cosmos. This ecosystem group is strongly supported by a large consortium of funds and Web3, including Pantera Capital, Kraken Ventures, Jump Crypto, KuCoin Ventures, Delphi Labs, IDG Capital, Gate Labs and Flow Traders. According to Inputive, the consortium is the largest in the broader cosmic space ecosystem.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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