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Komainu Secures $75 Million in Funding from Blockstream to Drive Global Expansion
Regulated Crypto Custodian Firm Expands Services with Strategic Partnership
Komainu, a regulated crypto custodian firm, has successfully raised $75 million in funding led by Blockstream. This strategic investment will enable the company to accelerate its global expansion and integrate cutting-edge technologies to enhance its institutional service offerings.
The funding, made in Bitcoin, will allow Komainu to leverage Blockstream’s innovative technologies, such as the Liquid Network. This integration is expected to speed up margining and settlement solutions, ultimately improving the firm’s overall efficiency.
“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.” – Adam Back, Blockstream Chief Executive
Key Technologies and Services
Komainu plans to integrate Blockstream’s AMP technology, which will automate its regulated asset support for tokenization. Additionally, the firm will utilize Blockstream’s enterprise HSM wallet to offer enhanced services to institutional clients.
The partnership will also see Adam Back, PeterPaul Pardi, and Nicolas Brand join Komainu’s board of directors, bringing valuable expertise and experience to the table.
Recent Developments and Expansion
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. With this strategic partnership, the firm is poised to further establish itself as a leading player in the global crypto market.
For more news and updates on the crypto industry, visit Global Crypto News.
