Komainu completes Series B, establishes Bitcoin Treasury
Komainu has raised $75 million in strategic investment from Blockstream Capital Partners, subject to relevant regulatory approvals. Komainu was launched in 2018 as a joint venture between Japanese bank Nomura, crypto security experts Ledger, and digital asset investment manager CoinShares.
The funding enables Komainu to accelerate its international strategic growth plans whilst adopting and integrating class-leading technologies developed by Blockstream Corporation, to maximise efficiencies and enhance client services in collateral management and tokenization.
The funding transaction itself is innovative in that it is funded in Bitcoin with appropriate hedging and risk management and Komainu establishing its own Bitcoin Treasury to manage the Bitcoin provided by Blockstream.
Blockstream Corp’s Liquid Network will enable Komainu to dramatically cut the time for its off-exchange margining & settlement solution, Komainu Connect, from hours to minutes, becoming class-leading in the process. Blockstream Corp’s AMP technology will enable Komainu to automate its regulated asset support for tokenization and develop trustless trading solutions. Komainu will also integrate other technologies and services developed by Blockstream Corp, including its enterprise HSM wallet, in order to provide institutional clients with a broader range of bank-grade digital asset services.
To solidify the strategic partnership between Komainu and Blockstream, Adam Back, PeterPaul Pardi and Nicolas Brand will join Komainu’s board of directors.
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