Digital asset management entity Cobo has reportedly secured $40 million via fundraising, to financially support the design of DeFi offerings. 

Specifically, the recently acquired fund by Cobo reportedly showcased an increasing number of investors in the Asia-Pacific area are on the search for secure access to the DeFi sphere, and Asia is still a major hub reeling in crypto investments, regardless of Korean crypto scrutiny and Chinese blanket ban. 

The Series B fund will reportedly be channeled towards designing the first DeFi-as-a-service (DaaS) infrastructure, which offers an access gateway for establishments and their clients into DeFi offerings, in a compliant fashion. 

Particularly, the freshly secured fund will be utilized to obtain regulatory licenses, as well as making sure the compliance levels are met on all anti-money laundering guidelines, for every offer. 

Cobo provided an additional explanation claiming that DaaS offers establishments an enhanced level of secure exposure to DeFi smart contracts, without the presence of knowledge for market complexities. 

The investment round, which was led by DST Global, A&T Capital, and IMO Ventures, was reportedly conducted following a previously acquired $13 million via a Series A fundraising round in October three years ago. 

The firm from Singapore was established in 2017 to operate as a comprehensive blockchain infrastructure provider.

Discus Fish, founder, and Head of Cobo, reportedly shared that the new DaaS infrastructure is undergoing the designing process, amid the time where demand for crypto assets throughout the continent is on the rise.