Komainu, a regulated crypto custodian formed by Nomura, CoinShares, and Ledger, has secured $75 million in funding from Blockstream to expand globally.
The funding, provided in Bitcoin, will help Komainu adopt Blockstream’s technologies like the Liquid Network to improve its margining and settlement processes.
Komainu also plans to use Blockstream’s AMP technology to automate tokenized asset support and integrate Blockstream’s enterprise HSM wallet to enhance services for institutional clients.
“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
Robert Johnson, Komainu’s co-CEO & CTO, said the partnership with Blockstream will make their services faster and more efficient. As part of the deal, Adam Back, PeterPaul Pardi, and Nicolas Brand will join Komainu’s board of directors.
This funding follows Komainu’s acquisition of Singapore-based Propine Holdings earlier in 2024. Propine, a digital asset custodian, has been operational since 2018 and obtained a conditional license from Singapore’s Monetary Authority in 2019.
Komainu, which started in 2020, offers custody services for Bitcoin and other major cryptocurrencies to institutional investors.
