TLDR
- Komainu pulls in a significant $75 million Series B investment entirely in Bitcoin from Blockstream Capital Partners
- Adam Back, PeterPaul Pardi, and Nicolas Brand are set to join the board of directors at Komainu
- The agreement includes the integration of Blockstream’s Liquid Network and AMP tech into Komainu’s offerings
- Komainu will create its own Bitcoin Treasury to efficiently manage the funds received
- The collaboration is directed towards enhancing transaction speeds and developing innovative trustless trading solutions
Komainu , a regulated digital asset custodian, has inked a $75 million Series B funding deal with Blockstream Capital Partners, entirely in Bitcoin, pending regulatory nods
This funding will propel Komainu’s global expansion and technological uptake from Blockstream. To efficiently handle the sizable Bitcoin investment, Komainu is setting up a Bitcoin Treasury with sound hedging strategies
As a part of this strategic alliance, Adam Back, PeterPaul Pardi, and Nicolas Brand will become members of Komainu’s board, alongside Co-CEO Paul Frost-Smith
Incorporating Blockstream’s Liquid Network into Komainu’s procedures will slosh processing times for Komainu Connect, reducing it dramatically from hours to mere minutes
Komainu intends to harness Blockstream’s AMP technology for streamlining its tokenization services and developing new trading mechanisms devoid of trust, while also adding Blockstream’s enterprise HSM wallet to its suite for institutional clientele
Adam Back, CEO of Blockstream Corp, stressed the groundbreaking nature of this partnership as it pioneers bringing Bitcoin tech into the institutional fold, expressing his foresight that more organizations will embrace Lightning and Liquid Networks soon
Paul Frost-Smith, Co-CEO at Komainu, underscored their goal of fortifying the digital asset milieu through reliable services. He remarked on how the Blockstream partnership will elevate customer interactions and entrench their competitive edge
This joint venture merges classic finance with cutting-edge cryptocurrency tech. With backing from Nomura’s Laser Digital, Komainu provides its institutional prowess and regulatory clarity to the digital asset frontier
Robert Johnson, Co-CEO and CTO of Komainu, elaborated on the boost to their technology stack provided by Blockstream’s solutions. He emphasized Komainu’s unwavering dedication to technology variety and operational refinements
Komainu holds a strong regulatory status across various regions, being sanctioned by the Jersey Financial Services Commission, the Dubai Virtual Assets Regulatory Authority, and additionally registered with the UK Financial Conduct Authority with an OAM nod in Italy
Operating from their main base in Jersey and with further offices in London, Dubai, and Singapore, Komainu can cater to institutional investors globally while adhering to local regulatory demands
Aimed at serving institutional investors, Komainu provides services featuring multi-asset support and top-tier governance with comprehensive regulatory supervision across multiple jurisdictions
PeterPaul Pardi from Blockstream Corp articulated the collaboration as a pivotal milestone for Bitcoin tech absorption by regulated financial entities, highlighting the climb in demand from institutional quarters and Blockstream’s foreseeable extensive tech adoption
Blockstream Corp, eminent in cryptofinancial infrastructure, centers its efforts on Bitcoin blockchain initiatives with an emphasis on cryptography and security, targeting a reduction in market reliance on trust
The investment deal is awaiting necessary regulatory affirmations, with both firms striving to meet the requisites
