Crypto custodian Komainu secures $75m in Bitcoin-funded round led by Blockstream

Nomura-backed crypto custodian company Komainu has secured $75 million in funding led by Blockstream to accelerate its global expansion.

Komainu, a regulated crypto custodian built as a joint venture between Nomura, CoinShares and Ledger, has raised $75 million from Blockstream to expand its services across the world.

The financing, carried out in Bitcoin (BTC), will enable the company to adopt Blockstream technologies such as Liquid Network, which will accelerate margining and settlement solutions, according to a press release shared with crypto.news.

“We are excited that Komainu is adopting Blockstream’s various technology streams to enhance its institutional service offering. This speaks to the fundamental truth of Bitcoin-related technologies and applications.

Adam Back, CEO of Blockstream

Komainu plans to integrate Blockstream’s AMP technology, which will automate the support of its regulated assets for tokenization. The company will also use Blockstream’s enterprise HSM portfolio to offer services to institutional clients.

Commenting on the funding, Robert Johnson, co-CEO and CTO of Komainu, said the partnership with Blockstream “will maximize efficiencies and reduce latencies across the various services we offer.” Under the terms of the financing agreement, Adam Back, PeterPaul Pardi and Nicolas Brand will join Komainu’s board of directors, the press release said.

This financing comes shortly after Komainu acquired Singapore-based Propine Holdings, a digital asset custodian, earlier in 2024. Propine has been active since 2018 and received a conditional license from the Monetary Authority of Singapore in 2019.

Komainu entered the crypto space in 2020, offering custody services to institutional investors for Bitcoin and other large-cap altcoins.