The post Komainu Raises $75 Million from Blockstream to Boost Global Expansion & Bitcoin Services appeared first on Coinpedia Fintech News
Komainu Holdings, a crypto custody company backed by Nomura Holdings, has raised $75 million from Blockstream Capital Partners to accelerate its global expansion and integrate cutting-edge technologies. This investment will help Komainu expand globally and enhance its digital asset services.
Komainu Raises $75M In Funding
In a recent tweet post, Komainu announces the completion of Series B fundraising with a $75 million strategic investment from Blockstream.
The funding, which is still subject to regulatory approvals, will help Komainu scale its operations globally while incorporating technologies developed by Blockstream. These include solutions for off-exchange margining and settlement, which could dramatically reduce processing times from hours to just minutes.
Komainu is also set to establish a Bitcoin Treasury to manage the Bitcoin received as part of the funding.
Focus on Institutional Growth
Meanwhile, Paul Frost-Smith, Co-CEO of Komainu, stated that the partnership with Blockstream will allow Komainu to offer a wider range of services and improve efficiency. Blockstream’s technology will enhance Komainu’s ability to provide Bitcoin and institutional services.
This collaboration will help Komainu grow its presence in the institutional market, offering advanced Bitcoin-related solutions through technologies like Lightning and Liquid Networks
Strategic Partnership and Leadership
To solidify this strategic partnership, Blockstream’s leadership, including CEO Adam Back, will join Komainu’s board of directors. Adam Back expressed excitement about the partnership, stating that this is a major milestone for Bitcoin technologies in the institutional space.
The collaboration marks the first time that these advanced Bitcoin-related solutions have been adopted on such a large scale for institutional use.