Digital asset manager Cobo has raised $40 million to advance institutional pathways to decentralized finance products, offering compelling evidence that more Asia-Pacific investors are seeking secure access to the DeFi market.

Cobo will use the Series B funding to create the DeFi-as a service infrastructure that allows customers and institutions to have access to decentralized financial products. This is what the company revealed Wednesday. The capital will be used by Cobo to purchase regulatory licenses as well as ensure that all products comply with anti-money laundering guidelines.