Coinstash, one of Australia’s leading crypto platforms, has successfully closed a Series A funding round, raising AUD $5 million from a combination of new and existing investors. The raise positions Coinstash to strengthen its regulatory licensing portfolio and introduce new financial products tailored for the digital asset space.

The company, which launched in 2020, has experienced strong growth as interest in cryptocurrency continues to rise across the country. With an already expanding user base, Coinstash plans to utilize the funds to deepen its product offering and secure additional licensing, enabling a broader suite of services for retail and institutional clients.

“We are thrilled to announce that we have successfully completed our Series A raise of AUD $5 million,” said Ting Wang, CEO and co-founder of Coinstash. “This funding round was oversubscribed, reflecting the confidence our investors have in our vision and execution capabilities.”

The raise attracted a mix of individual investors and strategic backers, including several figures from Australia’s traditional finance and venture capital ecosystems. The support underscores the growing convergence between conventional financial services and the evolving crypto sector.