Cobo Launches New Regional Headquarters in Singapore

Singapore, 30 September 2022 - Cobo, Asia Pacific’s largest digital asset custodian and blockchain technology provider, has officially opened its new headquarters in Singapore.

- Cobo aims to develop local talents and partnerships with companies

- Cobo seeks to spearhead its operations in Singapore by becoming a key player in the region

- Cobo is currently working with educational institutions to offer scholarships and internships to students and signing them for full-time jobs after

- Cobo is partnering with DataPost to offer digital asset custody services to Singapore financial institutions via its joint venture KSB Cobo (Key Safe Bank Cobo)

Opening New Doors

The new office at One Raffles Place aims to develop local talents and partnerships with companies by providing tools for safer and more efficient access to blockchain and smart contract invocation, to align with Singapore’s goal of becoming a Global Crypto Hub. Encompassed in the launch, is an AMA and panel session with Special Guests, Tin Pei Ling, Member of Parliament and CEO of Business China, Lennon Tan, President of Singapore Manufacturing Federation and Group Chairman of ADERA Global, Chia Hock Lai, Co-chairman of Blockchain Association of Singapore, Shadab Taiyabi, President at Singapore FinTech Association, and Sopnendu Mohanty, Chief Fintech Officer of MAS, along with other significant keynote guests from MetaMask Institutional, MarketNode, Rajah & Tann, Deloitte, A&T Capital, HashKey, and Fenbushi Capital.

“We are looking forward to scaling our products and services in Asia. There are numerous key players and partners that are based here in Singapore. By having our operations right in Singapore, it amplifies the efficiency and accessibility of our operations in Asia and the Middle East”, said Changhao, Co-Founder and CTO of Cobo”

The Path Ahead

Cobo created the world’s first crypto wallet with PoS Staking features, Cobo Wallet, in 2018. The company also developed and offered various SaaS (Software-as-a-Service) products such as providing the very first WaaS (Wallet-as-a-Service) in the world in 2019 and creating DaaS (DeFi-as-a-Service) in 2021. This year, Cobo has developed two new product services, NaaS (NFT-as-a-Service) and Argus, a smart contract invocation tool. On top of that, Cobo is currently developing its latest product, Cobo Chain, a shared wallet infrastructure which supports multi-chain and multi-layer custody.

Making its mark with a key local partner, Cobo announces its partnership with DataPost to establish KSB Cobo (Key Safe Bank Cobo), a joint venture that offers digital assets custodial services and technology solutions for financial institutions in Singapore. With Cobo’s custodial technology solutions and services, and DataPost’s strong local presence and relationships, KSB Cobo is poised to be a key player to meet the custody needs of financial institutions in Singapore.

Singapore as Asia’s Hub

Cobo aims to support Singapore’s goals of digitisation by providing technology infrastructure and developing the blockchain/crypto ecosystem, which allows crypto natives to access DeFi protocols and interact with smart contracts in a safe environment.

“We want to establish partnerships with family offices, organisations, funds, and traditional institutions in the Singapore financial sector because we see a strong synergy working with such companies by offering them our blockchain and digital asset expertise and technology. We also look forward to providing various job opportunities to local Singaporeans and students in several fields, especially computer engineering,” Dr Changhao Jiang, CTO of Cobo, added.

Currently, various staff from Cobo are Singaporeans, including the senior management team, where executive decisions and strategies are executed in Singapore itself. The company is also working closely with educational institutions to offer scholarships and internships to potential students in an effort to help students, such as computer engineering students in the Web3 space. In the future, Cobo seeks to spearhead its operations in Singapore by becoming a key player in the region, helping institutions through scaling solutions.

About Cobo

Cobo is Asia Pacific’s largest digital asset custodian and blockchain technology provider, based in Singapore. Trusted by over 500 institutions and HNWIs to grow and protect their crypto assets, the company focuses on building scalable infrastructure and powering the Web 3.0 revolution around the world. As a strong blockchain and DeFi infrastructure builder, Cobo provides SaaS (Software-as-a-Service) products such as WaaS (Wallet-as-a-Service), DaaS (DeFi-as-a-service), NaaS (NFT-as-a-Service), and Argus (The Smart Digital Asset Guardian).

Amongst other projects, Cobo’s incubator arm also enriches the DeFi ecosystem through its investments in early-stage innovative and promising DeFi projects. Its respected security team also features regularly in crypto communities for its contribution to protecting the crypto ecosystem and patching the vulnerabilities in protocols.

To learn more about Cobo, contact communications@cobo.com

Press Contact

Kelvin Yeo

PR Executive

+65 9223 7448

kelvin.yeo@cobo.com