Summary:
Komainu raises $75 million from Blockstream Capital Partners.
Funding will accelerate international growth and enhance client services.
Transaction innovative as it is funded in Bitcoin, establishing a Bitcoin Treasury.
Blockstreamâs Liquid Network will reduce margining and settlement time significantly.
Key executives from Blockstream to join Komainuâs board, solidifying the partnership.
Komainu's Major Funding Round
Komainu, a leading digital asset services provider and custodian, has successfully raised $75 million in strategic investment from Blockstream Capital Partners. This funding is pivotal for Komainu as it aims to elevate its international growth strategies while integrating cutting-edge technologies from Blockstream Corporation Inc.
Accelerating Growth and Innovation
The investment will allow Komainu to enhance efficiencies and improve client services, particularly in collateral management and tokenization. Notably, this funding transaction is groundbreaking as it is executed in Bitcoin, with Komainu establishing its own Bitcoin Treasury to manage the assets provided by Blockstream.
Transforming Settlement Solutions
Using Blockstream Corpâs Liquid Network, Komainu aims to significantly reduce the time for its off-exchange margining and settlement solution, Komainu Connect, from hours to mere minutes. This advancement positions Komainu to offer class-leading solutions in the industry.
Furthermore, the integration of Blockstream Corpâs AMP technology will automate Komainu's regulated asset support for tokenization and facilitate the development of trustless trading solutions.
A Strategic Partnership
To strengthen their collaboration, key figures from Blockstream, including Adam Back, PeterPaul Pardi, and Nicolas Brand, will join Komainuâs board of directors. Adam Back, CEO of Blockstream Corp, expressed excitement about the partnership, emphasizing the importance of Bitcoin technologies in institutional settings.
Paul Frost-Smith, Co-CEO at Komainu, echoed this sentiment, stating that the partnership will transform their service offerings and enhance customer experiences, solidifying Komainuâs position as a premier provider of digital asset services in the institutional market.
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