Covalent, the leading blockchain data infrastructure, announces the successful closing of a $5 million strategic funding round led by RockTree Capital with participation from prominent Asian investors, including CMCC Global, Moonrock Capital, and Double Peak Group.

The funds raised will be used to expand Covalent’s operations to Asia and support the adoption of Long-Term Data Availability in China, Korea, Singapore, and more. By making blockchain data more accessible and scalable, Covalent aims to provide the most robust data infrastructure to cultivate blockchain and AI innovations in Asia. In addition, Covalent is unveiling the New Dawn Initiative: a complete rebrand to align itself closer to its crypto-native community and farther from corporate influences. The new color scheme, featuring vibrant neon green and blue, embodies the bold spirit of Vancouver.