Coinhouse, a digital asset service company located in France, has secured 40 million euros (US $42.5 million) in a new fundraising round that included ODDO BHF and True Global Ventures 4 Plus, among others.
Coinhouse plans to utilize the cash to expand its crypto asset management solutions and expedite its worldwide expansion in order to take advantage of new business possibilities. Individuals and organizations may use Web3 to make crypto payments more straightforward and accessible, as well as streamline transactions and digital asset administration.
“Traditional players in the financial world and capital investors are beginning to grasp the enormous potential of the crypto market, despite the cycles and upheavals linked to its innovation potential and its youth,” said Nicolas Louvet, CEO of Coinhouse.
The organization, which was founded in 2015, offers retail and corporate crypto asset investing services. It now provides over 20 large French and worldwide firms with a mechanism to safely keep land in the metaverse and convert crypto payments into euros when selling digital assets.
