Komainu Raises $75 Million in Bitcoin for Global Expansion and Technology Integration
Komainu, a digital assets custodian backed by Nomura, has raised $75 million in a Series B funding round, entirely in Bitcoin. This funding is pending regulatory approval and will support Komainu's global expansion and the establishment of a Bitcoin treasury.
Komainu's Global Expansion Plans
- Komainu recently acquired crypto custodian Propine to expand into Asia, starting with Singapore.
- The partnership with Blockstream aims to utilize its technologies for growth.
- Komainu plans to integrate with Blockstream’s Liquid Network to reduce settlement times from hours to minutes.
- Blockstream’s AMP technology will assist in automating asset tokenization and trustless trading solutions.
- Komainu will also gain access to Blockstream’s enterprise HSM wallet for enhanced digital asset services.
- Executives from Blockstream will join Komainu’s board, including Adam Back and Nicolas Brand.
Institutional Adoption of Bitcoin
Komainu's co-CEO Paul Frost-Smith emphasized the partnership's potential to enhance institutional adoption of Bitcoin, positioning Komainu as a key player in the crypto market. Meanwhile, Blockstream has raised $210 million to expand its mining operations and strengthen its Bitcoin treasury.