Komainu Holdings, a cryptocurrency custodian supported by Nomura’s Laser Digital, has successfully raised $75 million in Bitcoin from Blockstream Capital Partners to drive its global expansion. This investment will be used to incorporate Blockstream’s advanced crypto technology and establish a Bitcoin treasury aimed at risk management.
Blockstream executives, including CEO Adam Back, are set to join Komainu’s board of directors, reinforcing the strategic partnership between the entities. The capital will facilitate the adoption of innovative technologies such as Blockstream’s Liquid Network and Asset Management Platform (AMP), designed to speed up settlement times and automate tokenized asset support.
Komainu’s global expansion will initially focus on Singapore and Japan, with plans to eventually target the United States and Switzerland. Co-CEO Paul Frost-Smith emphasized that this funding round, unique for being conducted entirely in Bitcoin, would enable Komainu to enhance its Komainu Connect solution, bringing improvements in transaction times and client services.
Additionally, as part of its strategic growth, Komainu has acquired Propine Holdings and plans to apply for a Major Payment Institution license from the Monetary Authority of Singapore. Frost-Smith noted that this acquisition would significantly enhance Komainu’s capacity to meet growing client demands across Asia.
This move is a significant step in Komainu’s mission to provide comprehensive digital asset services to institutional clients, with the company’s leadership aiming to incorporate innovative financial strategies such as yield enhancement and hedging within their Bitcoin treasury management.