Blockstream investment completes Series B fundraising for Komainu

DIGITAL asset services provider and custodian Komainu has raised $75 million in strategic investment from Blockstream Capital Partners, subject to relevant regulatory approvals.

The funding will enable Komainu - backed by Nomura company Laser Digital - to accelerate its international strategic growth plans whilst adopting and integrating leading technologies developed by Blockstream.

The transaction itself is innovative in that it is funded in Bitcoin with appropriate hedging and risk management, and Komainu establishing its own Bitcoin treasury to manage the funding.

Blockstream Corp’s Liquid Network will enable Komainu to dramatically cut the time for its off-exchange margining and settlement solution -Komainu Connect - from hours to minutes.

Blockstream Corp’s AMP technology will enable Komainu to automate its regulated asset support for tokenization and develop trustless trading solutions. Komainu will also integrate other technologies and services developed by Blockstream Corp, including its enterprise HSM wallet, in order to provide institutional clients with a broader range of digital asset services.

To solidify the strategic partnership between Komainu and Blockstream, Adam Back, PeterPaul Pardi and Nicolas Brand will join Komainu’s board of directors.

“We are delighted that Komainu is adopting Blockstream’s various technology streams to enhance its institutional service offering," said Blockstream CEO Adam Black.

"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. 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.”

Paul Frost-Smith, Co-CEO at Komainu, and who also joins Komainu’s board of directors, said Komainu's mission was to empower the digital asset ecosystem by offering secure, compliant, and innovative digital asset services.

"This partnership with Blockstream will transform the services we are able to offer and enhance our customer experience on many levels," he explained.

"Having a closely-aligned technology partner like Blockstream, one of the original visionaries in the digital assets ecosystem, is testament to our determination to become the go-to provider of digital asset services for Bitcoin and the institutional market, as well as increasing institutional adoption.”