Komainu Receives $75 Million In Bitcoin From Blockstream Partners
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Komainu Holdings, a cryptocurrency company that helps keep digital assets safe, has received $75 million worth of Bitcoin. The funds come from Blockstream Capital Partners, a group that focuses on blockchain technology.
According to the company, this investment, which still needs approval from regulators, will help Komainu grow its business around the world and use better crypto tools.
Komainu Holdings Plans Global Growth And Faster Services With Bitcoin Investment
Komainu shared that the money will support its global plans and bring Blockstream’s advanced systems into its services. These systems include tools for managing digital assets and a special network called the Liquid Network, which helps make Bitcoin transactions faster and more efficient.
The company also plans to use Blockstream’s technology to improve how it handles tokenized assets, which are digital versions of real things like stocks or property.
Paul Frost-Smith, Komainu’s co-Chief Executive Officer, said the money will help the company grow into new countries. He explained that Komainu plans to shorten the time it takes for some of its processes, like using its Komainu Connect system, from hours to just minutes.
He also said this funding is special because it is the first time a Series B deal has used only Bitcoin. Komainu will look after the Bitcoin funds carefully and may find ways to grow or protect them.
The company said it will first expand to Singapore and Japan, then later to the U.S. and Switzerland. Komainu is already asking for approval in Singapore to offer payment services.
Komainu Strengthens Global Services With Blockstream Partnership
Last year, Komainu shared plans to buy Propine Holdings to help more clients in Asia. Blockstream’s leaders, like Adam Back, will join Komainu’s board to help the companies work better together. Others, like Peter Paul Pardi and Nicolas Brand, will also guide Komainu.
Komainu said it will use a Bitcoin treasury to handle funds safely and carefully. It will use Blockstream’s secure wallet to give more services to its clients.
Frost-Smith said Komainu wants to meet the growing need for safe and fast digital coin services, especially for institutions.
He believes using Bitcoin for funding, like this, might become common for crypto companies. Komainu said the funding shows it is serious about growing and staying strong in digital coins. It wants to build trust and offer better services with new technology.
Komainu is a regulated digital asset custodian designed specifically for institutions. It was formed through a partnership between Nomura, CoinShares, and Ledger, combining expertise in finance, digital asset management, and security.
Komainu provides secure, multi-asset custody services while adhering to regulatory requirements, bridging traditional financial systems with advanced security for institutional clients.