Komainu, a crypto custody joint venture between Nomura, Ledger, and #CoinShares , has just completed a Series B funding round with a strategic investment of 75 million USD from Blockstream Capital Partners. Notably, this investment was made entirely in Bitcoin (BTC).
Important Details
1. Capital usage objectives:
• International expansion: Accelerate the strategic growth plans of #KomaInu globally.
• Integrating Blockstream technology: Using the Liquid Network to reduce settlement times and off-exchange collateral, improving service efficiency for institutional customers.
2. New leadership:
• CEO and co-founder of Blockstream, Adam Back, will join the Board of Directors of Komainu along with two other senior leaders, PeterPaul Pardi and Nicolas Brand.
• This is the first time Bitcoin-related technology has been deeply integrated into services for institutional customers.
3. Establishing a Bitcoin (BTC) treasury:
• Komainu will establish a BTC treasury to manage the Bitcoin received from the investment.
• This move reaffirms strong confidence in the long-term value of $BTC in the institutional finance sector.
Statement from Adam Back
“We are excited that Komainu is adopting Blockstream's technologies to enhance services for institutional customers. This is a testament to the core value of Bitcoin-related technologies,” Adam Back shared.
Implications for the Crypto Industry
• This investment not only marks a new milestone for Komainu but also shows increasing confidence in Bitcoin in the institutional custody space.
• The Liquid Network technology promises to significantly improve liquidity and transaction efficiency issues, opening up greater growth potential for crypto financial solutions.
Conclusion
The combination of Komainu and Blockstream will lay the foundation for better crypto custody services, while reaffirming Bitcoin's position as a strategic asset in the global financial landscape.
Risk warning: Investing in cryptocurrencies always carries significant risks. Investors should conduct thorough research and carefully assess before participating. #anhbacong
