According to The Block, blockchain data infrastructure company Covalent has completed a $5 million strategic financing round. The round was led by RockTree Capital, with participation from CMCC Global, Moonrock Capital, and Double Peak Group. The funds from this financing round will be used to expand its business in Asia.

Great news for Covalent! The $5 million strategic financing round led by RockTree Capital will definitely help them expand their business in Asia. Exciting times ahead for the blockchain data infrastructure company.