In a landmark move for Australia’s blockchain scene, Melbourne-based CloudTech Group has secured $14 million in Series A funding, with a whopping $11 million contributed in Bitcoin (BTC) and USDT, marking one of the largest crypto-denominated raises in the country’s history. Announced on June 11, 2025, this funding round is set to propel CloudTech’s mission to deliver institutional-grade digital asset custody solutions and expand its crypto-native financial ecosystem. Here’s why this raise is a game-changer for blockchain finance and what it means for the future of digital assets.
A Bold Step for Blockchain Infrastructure
Founded in 2021 by fintech entrepreneur Kevin Chen, CloudTech is no stranger to innovation. The company has quickly established itself as a leader in blockchain-based financial services, offering a suite of solutions that bridge traditional finance with the decentralized world. This Series A round, backed by six undisclosed individual and institutional investors, underscores the growing trust in cryptocurrency as a legitimate funding tool for long-term infrastructure projects. With $3 million in cash and $11 million in BTC and USDT, CloudTech is leveraging the power of digital assets to fuel its ambitious roadmap.
The funding will primarily support the launch of CloudTech Custody, a cutting-edge platform designed to provide secure, compliant, and institutional-grade storage for digital assets. Alongside this, the company aims to expand its broader ecosystem, which includes over-the-counter (OTC) trading, stablecoin solutions, and CobWeb Pay, a proprietary platform that seamlessly converts crypto into Australian dollars for everyday purchases.
Why CloudTech Custody Matters
As institutional interest in digital assets skyrockets—evidenced by 69% of institutional investors planning to increase allocations by 2027—the need for secure custody solutions has never been greater. CloudTech Custody addresses this demand head-on with features like segregated wallets, end-to-end encryption, and transparent reporting, ensuring institutions like banks and wealth managers can manage assets with confidence. “Custody is critical for institutions entering this space, and we’re building a solution that combines blockchain’s strengths with the standards and safeguards expected in traditional finance,” said Mandy Jiang, CloudTech’s CFO and former Judo Bank executive.
This focus on security and compliance is timely. With tokenized assets projected to represent 10% of global GDP by 2030 (a potential $16 trillion market), institutions need trusted partners to navigate the complexities of blockchain. CloudTech’s platform not only simplifies asset management but also aligns with the rigorous governance and transparency demanded by traditional finance, making it a bridge between old and new financial systems.
Building a Crypto-Native Financial Ecosystem
Beyond custody, CloudTech is doubling down on its vision for a crypto-native financial ecosystem. Its four pillars—swap, spend, store, save—are designed to make digital assets accessible and practical for both retail and institutional users. Key components include:
- CobWeb Pay: A platform that lets users swap between fiat and crypto effortlessly, enabling real-world spending with a crypto card.
- CloudTechX: An advanced trading platform for institutions, offering crypto and forex solutions with robust security and low-cost transactions.
- Stablecoin Solutions: AUD-backed stablecoins for fast, compliant cross-border payments, reducing currency risk and transaction costs.
- Innovation Hub: A research lab with RMIT University to explore new blockchain applications, fostering scalable solutions for the future.
This ecosystem is built on the principle of integrating technology with integrity, as CloudTech emphasizes regulatory compliance and partnerships with firms like Elliptic to ensure market trust.
A Milestone for Australia’s Crypto Landscape
CloudTech’s raise is a testament to Australia’s growing role in the global blockchain arena. The decision to accept $11 million in BTC and USDT reflects the increasing maturity of digital assets as a funding mechanism, a trend gaining traction globally. As Mandy Jiang and Lucia Uen, GM of CloudTech Custody, noted in an interview with Capital Brief, this funding marks a “major step forward in delivering core infrastructure for the digital asset economy.”
With Bitcoin trading at $109,560.60 and a 6.11% rise in the last 24 hours, the timing couldn’t be better for CloudTech’s crypto-heavy raise. The company’s ability to attract such significant digital asset investment signals institutional confidence in both CloudTech and the broader crypto market.
What’s Next for CloudTech?
The $14 million will fuel CloudTech’s expansion, starting with the rollout of CloudTech Custody to meet the needs of banks, asset managers, and other institutions. The company also plans to deepen its global presence, with operations already spanning Europe, Dubai, Asia, and Australia. Partnerships with leading universities and financial institutions will further drive innovation, while the CobWeb Pay platform aims to make crypto spending as seamless as traditional payments.
However, challenges remain. Regulatory uncertainty in the crypto space, despite progress like the SEC’s Bitcoin ETF approvals, could pose hurdles. Security risks also loom large, making CloudTech’s focus on robust custody solutions critical. By combining blockchain’s transparency with traditional finance’s discipline, CloudTech is well-positioned to navigate these complexities.
Why This Matters for Investors and the Industry
CloudTech’s Series A raise is more than just a funding milestone—it’s a signal that blockchain finance is maturing. For investors, the company offers a chance to back a player shaping the future of institutional crypto adoption. For the industry, CloudTech’s success highlights the growing demand for secure, scalable, and compliant infrastructure, paving the way for broader mainstream integration of digital assets.
As tokenization and digital finance continue to reshape global markets, CloudTech’s blend of innovation, compliance, and practicality positions it as a leader in this transformative era. Whether you’re an institutional investor or a crypto enthusiast, keep an eye on CloudTech—this Melbourne startup is building the future of finance, one block at a time.
Disclaimer: Cryptocurrency investments carry high risks. Always conduct thorough research and consult with financial advisors before investing.
Sources: Information sourced from CloudTech Group announcements, Capital Brief, ChainCatcher, and posts on X.
