A Company Backed by Two Major Crypto Companies, Ledger and CoinShares, Raised Funds to Buy Bitcoin!

Crypto custody provider Komainu, supported by crypto firms Nomura, Ledger, and CoinShares, has raised $75 million in funding from Blockstream Capital Partners.

Komainu Secures $75 Million Bitcoin Investment from Blockstream Capital

Funding, especially using Bitcoin (BTC), represents a significant step in institutional crypto integration.

Investment Details

• Amount: $75 million
• Funding Method: Bitcoin (BTC)
• Purpose: To support Komainu's strategic growth plans, integrate Blockstream technologies, and enhance corporate services.
• Treasury Initiative: Komainu will establish its own BTC treasury to manage the cryptocurrency provided by Blockstream.

Strategic Developments

Komainu plans to leverage Blockstream's Liquid Network, which will significantly reduce the firm's off-exchange margin and settlement times. This integration is in line with the increasing demand for efficient and secure institutional crypto services.

Leadership Updates

As part of the investment, three key Blockstream executives will join the board of directors of Komainu:

• Adam Back, Blockstream CEO and co-founder
• PeterPaul Pardi
• Nicolas Brand

Adam Back emphasized the importance of partnership in the press release:

We are pleased to see Blockstream embracing various technology streams to enhance Komainu's corporate service offering. This is evidence of the fundamental soundness of technologies and applications related to Bitcoin, and indicates their first entry into the corporate arena.

Komainu, established as a joint venture between Nomura, Ledger, and CoinShares, provides regulated custody solutions for digital assets. The partnership with Blockstream highlights the increasing institutional interest in integrating the latest technologies related to Bitcoin.

This investment is expected to strengthen Komainu's position as a leader in the crypto custody space and pave the way for wider institutional adoption of Bitcoin.