Diversified crypto asset holding company COSIMO is raising $25 million in funding round

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According to The Block, COSIMO, a digital asset holding company founded in 2014, is raising a $25 million funding round, led by Eolas Capital co-founder and former Bridgewater executive Des Mac Intyre.

This initiative is COSIMO's hope to integrate its crypto investment, custody, advisory, and brokerage services into "a unified, forward-looking brand," the company announced in a statement on Tuesday.

COSIMO Digital, which has been operating for a decade and has expanded into multiple crypto sub-sectors, aims to become a competitor to crypto management and service provider Galaxy Digital, but with a footprint across the US and Europe.

"Obviously, we're not as big as Galaxy yet - but that's our vision. We've been heads down building. Up until now, we've been very low-key," said COSIMO co-founder Ciaran Hynes in an interview.

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