Komainu Raises Funds – in Bitcoin
Posted by Colin Lambert. Last updated: January 20, 2025
Digital asset custodian Komainu, which is jointly owned by Nomura, Ledger and CoinShares, has announced new $75 million in funding from Blockstream Capital Partners, delivered in bitcoin.
The firm says the funding will allow it to accelerate its growth plans, as well as adopt technologies delivered by Blockstream Corporation – the owner of the newly-invested firm. At the same time, Komainu is establishing its own bitcoin treasury department to manage the bitcoin
Utilising the technology from Blockstream, Komainu claims it will be able to cut the time for its off-exchange margining and settlement processes “from hours to minutes”. It will also automate its regulated asset support for tokenisation and develop trustless trading solutions and integrate Blockstream’s enterprise HSM wallet.
“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,” says Adam Back, CEO of Blockstream Corp, who is joining the Komaionu board. “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.”