cloudtech

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.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company Fireblocks announced on Thursday that it has listed Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar as the five companies joining its global custody partner program. The global custody program offers local third-party crypto custody options in appropriate jurisdictions for crypto institutions using Fireblocks technology, including the UK, Australia, Singapore, the UAE, and Japan.The custody company stated that Fireblocks' recently announced application for a New York trust company, once approved, will meet the needs of U.S. clients. The Fireblocks partner program simplifies clients' digital asset financial management and provides fast digital asset trading and dynamic payment workflows. As the custody program develops, its goal is to target regions such as the EU and Latin America.