Komainu raises $75 million with Blockstream’s backing to expand its Bitcoin-related services and technology - IcoHolder.

Komainu Holdings, a prominent crypto custody firm backed by Nomura Holdings, has successfully raised $75 million in a Series B funding round led by Blockstream Capital Partners. This investment is set to fuel Komainu’s global growth and enhance its digital asset services, with a strong focus on integrating advanced Bitcoin technologies.

The strategic partnership with Blockstream will enable Komainu to expand its operations and adopt cutting-edge solutions aimed at improving efficiency. Blockstream's technologies, such as off-exchange margining and settlement, will streamline processes, significantly reducing processing times from hours to just minutes. Additionally, part of the funding will be allocated to establishing a Bitcoin Treasury, ensuring the firm can effectively manage its Bitcoin holdings.

Paul Frost-Smith, Co-CEO of Komainu, emphasized that the partnership will allow the company to better serve the institutional market. By incorporating Blockstream’s capabilities, Komainu will be able to offer a broader range of services, including advanced Bitcoin-related solutions such as the Lightning and Liquid Networks.

In a bid to strengthen this collaboration, Blockstream’s leadership, including CEO Adam Back, will join Komainu’s board of directors. Adam Back expressed his enthusiasm, describing the deal as a landmark achievement for Bitcoin technologies in the institutional sector, marking the first large-scale adoption of these innovative solutions.

As Komainu moves forward with its expansion plans, the integration of Blockstream’s technologies signals a promising future for the company and its growing institutional client base.