London-based digital asset security firm Coincover raised a total of $30 million in funding in a round led by Foundation Capital and included a follow-on investment from CMT Digital. Foundation Capital also led the fundraising round.

According to the statement issued by Coincover, the money will be used to help increase the overall security of the cryptocurrency ecosystem by scaling the company’s operations, boosting recruitment, developing new products, and forming collaborations with other organizations. Coincover will be able to provide an even more comprehensive level of security to individuals and organizations that hold digital assets as a result of this.

Coincover was founded in 2018 and the following year it was launched on the market with the aim of generating a degree of trust within the digital asset industry. The company already works with more than 300 different businesses, some of which include wallets, exchanges, hedge funds, family offices and banks, in addition to various custodians of digital assets.

Coincover’s mission is to provide the digital asset market with a defense not only against hacker attacks, but also against mistakes that can be made by human traders. In this way, Coincover hopes to solve the security issues that have been plaguing the industry as a whole. Coincover’s goal is to make the cryptocurrency business more reputable and established by reducing the amount of fraud and other fraudulent activities that are taking place. The organization’s services are said to not only reduce the risks associated with transferring and storing bitcoin, but also changing people’s perceptions of digital assets and fostering better levels of trust within the industry. This is because the services change people’s perception of the risks associated with digital assets.