Colb Asset SA secures $7.3 million in an oversubscribed round
The company intends to focus on democratizing geo-economically strategic sectors such as energy, infrastructure, utilities, and agribusiness.
The $7.3 million funding will help Colb Asset develop a robust cross-border payments infrastructure to enable RWA adoption. Colb Asset SA, a Geneva, Swiss-based fintech company focused on tokenizing real-world assets (RWA) and democratizing highly sought-after investment opportunities, closed an oversubscribed seed extension round with CHF 6 million, which is equivalent to about $7.3 million. The highly regulated Swiss company announced that the recent investment was backed by a private investor overseeing more than $20B in assets under management (AUM).
As a result, Colb Asset has raised a total of $10.3 million in its seed funding round, after closing its initial seed funding round in 2022 with about $3 million. Previously, Colb Asset received key financial support from Joaquim Lima, a partner at Riverwood Capital, and Stefano Sergole, a co-founder at Hashdex.
What to Expect from Colb Asset Ahead
Colb Asset has grown significantly in the past few years by helping investors access highly sought-after pre-IPO equity through blockchain technology and in a regulated manner. Moreover, Lira has a strong foundation in the legal sector and combined his juridical science expertise with the battle-tested Swiss financial system.
The latest strategic investment will play a crucial role in supporting the development of Colb Asset’s fintech structure. Furthermore, the fintech company intends to build a robust cross-border payment structure to enable a seamless mainstream adoption of real-world assets through trustless blockchain technology.
The Colb Asset team has already built a highly liquid stablecoin dubbed Colb USD ($USC), which is Swiss-regulated and pegged to the U.S. dollar at a 1:1 ratio.
The Colb USD enables global investors to access Tokenized Structured Products (TKSPs), which mirror the profitability of pre-IPO equity in top-tier companies.
With the latest funding, Colb Asset can further enhance the liquidity of its offerings including the $COLB token. Notably, the $COLB has a fixed supply of 1 billion tokens and is used for governance purposes within the Colb Asset ecosystem, in addition to capital management and aggregation.
In the near future, Colb Asset will extensively open up geo-economically strategic sectors – including energy infrastructure, utilities, and agribusiness – via blockchain technology. Moreover, the identified geo-economically strategic sectors are projected to scale in trillions of dollars by 2030.
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