Outside Source
Nomura-backed crypto custodian firm Komainu has secured $75 million in funding led by from Blockstream to accelerate global expansion.
Komainu, a regulated crypto custodian built as a joint venture between Nomura, CoinShares, and Ledger, has raised $75 million from Blockstream to expand its services across the globe.
The funding, made in Bitcoin (BTC), will allow the firm to adopt Blockstream’s technologies such as the Liquid Network, which will speed up margining and settlement solutions, according to a press release shared with crypto.news.
“We are delighted that Komainu is adopting Blockstream’s various technology streams to enhance its institutional service offering. This is testament to the fundamental veracity of Bitcoin-related technologies and applications.”
Blockstream chief executive Adam Back
Komainu plans to integrate Blockstream’s AMP technology, which will automate its regulated asset support for tokenization. The firm will also use Blockstream’s enterprise HSM wallet to offer services to institutional clients.
Commenting on the funding, Robert Johnson, co-CEO & CTO of Komainu, said the partnership with Blockstream “will maximize efficiencies and lower latencies across the various services that we offer.” Under the funding agreement, Adam Back, PeterPaul Pardi, and Nicolas Brand will join Komainu’s board of directors, the press release reads.
This funding comes shortly after Komainu acquired Singapore-based Propine Holdings, a digital asset custodian, earlier in 2024. Propine has been active since 2018 and received a conditional license from the Monetary Authority of Singapore in 2019.
Komainu entered the crypto space in 2020, offering custody services to institutional investors for Bitcoin and other large-cap altcoins.
This article first appeared at crypto.news
