What to know:
- The investment completes Komainu’s Series B fundraising and will be used to fund international expansion.
- Blockstream’s CEO and co-founder Adam Back will join Komainu’s board of directors
As a researcher, I’m sharing some exciting news about a collaborative project called Komainu. This venture, a partnership between Nomura, Ledger, and Coinshares, has successfully secured $75 million in strategic investments from Blockstream Capital Partners. This announcement was made public through a press release issued just yesterday.
The deal is novel in that it is funded with bitcoin (BTC).
According to their statement, Komainu plans to create a Bitcoin (BTC) reserve for self-management, which is the digital currency provided by Blockstream.
According to Komainu, the funds will be allocated to accelerate the strategic expansion of the custodial company, as well as for implementing and incorporating Blockstream technology solutions.
Through the utilization of Blockstream’s Liquid Network, Komainu is set to substantially decrease the duration of off-exchange margin and settlement processes.
Executive team members from Blockstream, including Adam Back, PeterPaul Pardi, and Nicolas Brand, have been appointed to Komainu’s board.
In a statement, Adam Back, CEO and co-founder of Blockstream Corp, expressed his pleasure that Komainu is integrating multiple technological solutions from Blockstream to bolster its institutional services.
As an analyst, I can confidently affirm that this development underscores the inherent authenticity of Bitcoin technology and its applications. For the first time, we are witnessing these innovations making a significant entrance into the institutional sphere.
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2025-01-16 17:35