Coincover secures $30 million in funding to strengthen digital asset security
The funding round was led by Foundation Capital, with 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 . According to Coincover’s announcement, the funds will be used 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, and banks, and directly with a number of digital asset custodians. Coincover is determined to tackle the Security concerns plaguing the digital asset industry, by offering busine