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Cobo raises $40m in Series B funding

Singapore based DeFi-as-a-service startup raised $40m in Series B funding led by DST Global, A&T Capital and IMO Ventures.

"In the past, we’d witnessed crypto applications evolve from Bitcoin to DeFi and now NFTs. In due time, I even foresee metaverses will be next to be developed on the blockchain. So, looking ahead, we have the foundational infrastructure in place that will enable us to serve 1,000 institutional investors," Mao said in the statement.

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defi