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CloudTech has completed a Series A funding round worth 14 million dollars.
According to Startupdaily, the Melbourne-based blockchain financial infrastructure startup, CloudTech, has raised 14 million USD in a Series A funding round, which includes 11 million USD in Bitcoin and USDT stablecoin. This funding will be used to launch a custody solution for digital assets at the institutional level and expand the company's crypto-native financial ecosystem.
Founded in 2021, CloudTech has a team of 40 people and offers digital financial services such as OTC trading, stablecoin solutions, and CobWeb Pay. CFO Mandy Jiang stated that this fundraising is crucial for building the core infrastructure of the digital asset economy, and the company's custody platform will provide separate wallets, end-to-end encryption, and transparent reporting.