As an analyst, I’m excited to share that the crypto custody firm I’m associated with, Komainu (supported by Nomura), has successfully raised a substantial sum of $75 million in funding. This round was spearheaded by Blockstream, with the primary aim of fueling our global expansion efforts.
In simpler terms, the global expansion of Komainu, a cryptocurrency custody service created through collaboration among Nomura, CoinShares, and Ledger, received a $75 million investment from Blockstream to grow their offerings worldwide.
The Bitcoin funds received will empower the company to incorporate Blockstream’s technologies, including the Liquid Network, enhancing their speed for margin and settlement processes, as stated in a press release disseminated to crypto news outlets.
It’s great to see Komainu integrating several technology solutions from Blockstream, which strengthens their institutional services. This move underscores the credibility and value of technologies and applications related to Bitcoin.”
Or, if you prefer a more conversational tone:
“We’re really excited that Komainu is embracing different tech offerings from Blockstream! It shows they’re committed to improving their services for institutions, and it also highlights the solid foundation behind Bitcoin-related technologies.
Blockstream chief executive Adam Back
Komainu intends to incorporate Blockstream’s Automated Market Plugins (AMP) technology, enhancing its capability to manage regulated assets in the tokenization process automatically. Additionally, they will employ Blockstream’s enterprise Hardware Security Module (HSM) wallet to cater to institutional clients with their services.
Regarding the funding collaboration, Robert Johnson, joint CEO & CTO of Komainu, noted that partnering with Blockstream aims to boost efficiency and minimize delays across our diverse service offerings. According to the investment deal, Adam Back, PeterPaul Pardi, and Nicolas Brand will be added to Komainu’s board of directors, as mentioned in the official announcement.
Just recently, Komainu secured funding, not long after they purchased Propine Holdings – a digital asset custodian based in Singapore – earlier this year (2024). Established in 2018, Propine has been operating for some time now and was granted a conditional license by the Monetary Authority of Singapore in 2019.
In 2020, Komainu debuted in the digital currency sector, providing secure storage solutions for big-ticket cryptocurrencies like Bitcoin and well-established altcoins to institutional investors.
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2025-01-16 17:23