Blockchain fintech company CloudTech has completed a $14 million Series A funding round

ChainCatcher news, according to Startupdaily, Melbourne-based blockchain financial infrastructure startup CloudTech has raised $14 million in Series A funding, which includes $11 million worth of Bitcoin and stablecoin USDT. This funding will be used to launch a digital asset institutional-grade custody solution and expand its 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. Chief Financial Officer Mandy Jiang stated that this funding is crucial for building the core infrastructure of the digital asset economy, and its custody platform will provide isolated wallets, end-to-end encryption, and transparent reporting.