Summary:
Komainu raises $75 million in funding through Bitcoin.
Funding from Blockstream Capital Partners to accelerate growth.
Establishment of a Bitcoin treasury department for asset management.
Integration of Blockstream's technology to enhance operational efficiency.
Adam Back highlights the institutional adoption of Bitcoin technologies.
Komainu's Major Funding Announcement
Komainu, a digital asset custodian co-owned by Nomura, Ledger, and CoinShares, has successfully raised $75 million in funding, all delivered in Bitcoin from Blockstream Capital Partners.
This significant investment is set to accelerate Komainu’s growth plans and facilitate the adoption of innovative technologies from Blockstream Corporation. As part of this initiative, Komainu is also establishing its own Bitcoin treasury department to efficiently manage its Bitcoin assets.
Enhancements in Operations
With the integration of Blockstream's technology, Komainu aims to drastically reduce the time required for off-exchange margining and settlement processes, cutting it from hours to mere minutes. This will also enable the automation of their regulated asset support for tokenization, alongside the development of trustless trading solutions and the integration of Blockstream’s enterprise HSM wallet.
Industry Impact
Adam Back, CEO of Blockstream Corp, who will also join Komainu’s board, commented: “This is testament to the fundamental veracity of Bitcoin-related technologies and applications and marks the first time that these have entered the institutional arena. I am confident this will be the first of many such use cases as the institutional community wakes up to the power of the Lightning and Liquid Networks.”
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