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Komainu Secures $75 Million to Expand Bitcoin Services

Published by
Mustafa Mulla

Komainu Holdings, a leading crypto custody company backed by Nomura Holdings, has raised $75 million from Blockstream Capital Partners. The funding will help Komainu expand globally and integrate advanced technologies to improve its digital asset services.

Strategic Funding to Drive Growth

Komainu announced the completion of its Series B fundraising round, securing a $75 million strategic investment from Blockstream.

The investment is still subject to regulatory approvals and will allow Komainu to expand its operations worldwide while integrating Blockstream’s cutting-edge technologies.

These technologies include solutions for off-exchange margining and settlement, which could reduce processing times from hours to just minutes.

As part of the deal, Komainu will set up a Bitcoin Treasury to manage the Bitcoin it receives from the investment. This will help Komainu enhance its services related to Bitcoin for institutional clients.

A Strong Partnership for Growth

Paul Frost-Smith, Co-CEO of Komainu, highlighted that the partnership with Blockstream will allow Komainu to offer more services and increase efficiency. Blockstream’s technologies will improve Komainu’s ability to offer Bitcoin and institutional services.

This collaboration will also help Komainu grow its presence in the institutional market by providing advanced Bitcoin solutions through technologies like Lightning and Liquid Networks. These tools will make it easier and faster for institutions to use Bitcoin.

Blockstream Leadership Joins Komainu’s Board

As part of the partnership, Blockstream’s leadership, including CEO Adam Back, will join Komainu’s board of directors. Back expressed excitement about the partnership, calling it a major milestone for Bitcoin technologies in the institutional space.

This partnership is the first time these advanced Bitcoin-related solutions have been adopted on such a large scale for institutional use, marking an important step in the evolution of digital asset services.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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