Komainu, a crypto custody firm backed by Nomura, Ledger, and Coinshares, has secured a $75 million investment from Blockstream Capital Partners. This investment, uniquely funded in bitcoin, will help Komainu expand its strategic growth plans and integrate Blockstream’s technologies. The firm will establish its own BTC treasury to manage the cryptocurrency provided by Blockstream. By leveraging Blockstream’s Liquid Network, Komainu aims to cut down off-exchange margining and settlement times significantly. Additionally, Blockstream executives Adam Back, PeterPaul Pardi, and Nicolas Brand will join Komainu’s board of directors. This move marks a significant entry of Bitcoin-related technologies into the institutional arena, showcasing their potential and reliability.
Source: www.coindesk.com
