Company Description

Covalent has announced the successful closing of a $5 million strategic funding round led by RockTree Capital. They have also unveiled the New Dawn Initiative, described as a 'complete rebrand' to bring the project closer to its crypto-native community and 'farther from corporate influences.' Covalent plans to use the funds to expand operations to Asia and support the adoption of Long-Term Data Availability in China, Korea, and Singapore.