Melbourne-based blockchain fintech company CloudTech has successfully completed a $14 million Series A funding round aimed at expanding its digital financial infrastructure.
The round included a notable $11 million in Bitcoin and stablecoin USDT, reflecting investor confidence in crypto-native funding mechanisms.
CloudTech plans to use the capital to roll out institutional-grade custody solutions for digital assets, positioning itself to serve a growing demand among enterprises for secure and regulated crypto infrastructure.
The funding round drew support from several undisclosed investors, reinforcing the market’s belief in the company’s long-term potential.
Expanding Crypto Custody Solutions for Institutional Clients
The primary focus of this new funding is the development of a high-security custody platform tailored for institutional digital asset holders.
Chief Financial Officer Mandy Jiang emphasized that institutional-grade custody is a key barrier to entry for many traditional firms looking to participate in the blockchain space.
CloudTech’s new platform will feature segregated wallets, end-to-end encryption, and comprehensive, transparent reporting.
Jiang highlighted the company’s mission to apply traditional financial disciplines, such as governance, transparency, and internal control, into the rapidly evolving blockchain landscape.
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Broadening a Crypto-Native Financial Ecosystem
Beyond custody services, CloudTech intends to use the funds to expand its broader suite of crypto financial services.
Founded in 2021, the startup currently offers over-the-counter (OTC) trading, stablecoin solutions, and CobWeb Pay, a payment product that converts cryptocurrencies into Australian dollars for retail use.
With a growing team of 40 professionals, CloudTech is building an integrated ecosystem designed to make blockchain-powered finance more accessible and functional for everyday and institutional users alike.
The funding allows the firm to scale operations while enhancing the user experience across its service portfolio.
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CloudTech’s Strategic Timing and Market Position
The successful raise comes at a time of growing institutional interest in digital assets, coinciding with Bitcoin’s recent upward trend.
Though the exact amount of Bitcoin received in the funding was not disclosed, bitcoin is a plausible addition to the funding.
Bitcoin has seen over 4% in the past month and over 60% in the past 1 year as regards price gains, recently BTC exceeded the $110k mark.
CloudTech’s strategy to hold part of its funding in digital currencies aligns with its crypto-native identity and may offer additional financial upside.
With its dual focus on security and usability, the company is positioning itself to become a key player in Australia’s emerging blockchain financial infrastructure landscape.