Funding secured! London-based digital asset protection firm Coincover has secured $30 million in a funding round led by Foundation Capital with a follow-on investment from CMT Digital.
London-based digital asset protection firm Coincover has secured $30 million in a funding round led by Foundation Capital with a follow-on investment from CMT Digital.to scale its operations, drive recruitment, develop new products and form partnerships to help strengthen the security of the cryptocurrency ecosystem, thereby providing even more comprehensive protection to businesses and individuals holding digital assets.
Coincover was founded in 2018 and launched in 2019 with the aim of providing trust to the digital asset industry. The company already works with over 300 businesses, including exchanges, wallets, hedge funds, family offices, banks and a number of digital asset custodians. Coincover intends to tackle the security concerns plaguing the digital asset industry by offering businesses a solution that guards against both cyber threats and human mistakes. Coincover aims to lay the foundation for a more mature and trustworthy sector by reducing scams and fraudulent activities. The company’s offerings also claim to not only reduce the risk of moving and storing cryptocurrency but also change the perception of digital assets and foster increased confidence in the industry.
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