Komainu, a leading provider of digital asset custody services, has successfully secured a $75 million strategic investment from Blockstream, with backing from Nomura. The investment, which is set to be completed pending regulatory approvals, will be made directly in Bitcoin and is designed to help Komainu build its own Bitcoin treasury and support its international expansion plans.
Strategic Partnership with Blockstream
As part of the investment agreement, Komainu will integrate Blockstream’s Liquid Network, a federated Bitcoin sidechain, into its operations. This integration is expected to improve Komainu’s off-exchange margining and settlement solutions, reducing processing times from hours to mere minutes. The Liquid Network will provide enhanced security and privacy for Bitcoin transactions, making Komainu’s services more efficient and scalable.
Additionally, Komainu plans to adopt Blockstream’s AMP (Asset Management Platform) technology. AMP facilitates the issuance and management of digital assets, automating the process of regulated asset tokenization. This technological advancement is expected to help Komainu streamline its operations and offer improved services to its institutional clients.
Komainu’s Vision for Institutional Clients
Paul Frost-Smith, co-CEO of Komainu, emphasized that the company aims to establish itself as a leading provider of digital asset services for institutional clients. With the capital raised from Blockstream, Komainu intends to bolster its service offerings, aiming to increase institutional adoption of Bitcoin and other digital assets.
Strengthening Board with Blockstream Leadership
As part of the deal, several key figures from Blockstream will join Komainu’s board. These include Blockstream’s co-founder and CEO Adam Back, director PeterPaul Pardi, and advisor Nicolas Brand. Their expertise and leadership will help guide Komainu’s growth strategy as it expands its influence in the global digital asset space.
Expansion in Asia with Propine Acquisition
Komainu’s recent acquisition of Propine, a Singapore-based crypto custodian, is part of its broader strategy to increase its presence in Asia. This acquisition will enable Komainu to tap into the growing institutional interest in digital assets in the region, further solidifying its position as a major player in the crypto custody industry.
Conclusion
The $75 million investment from Blockstream marks a significant milestone for Komainu as it looks to strengthen its position in the digital asset market. With plans to build a Bitcoin treasury, adopt cutting-edge technology, and expand internationally, Komainu is poised to enhance its offerings for institutional clients and play a key role in the global adoption of Bitcoin and other digital assets.
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