Komainu secures $75M in Bitcoin for global growth

Komainu Holdings has successfully raised $75 million in Bitcoin (CRYPTO:BTC) funding from Blockstream Capital Partners, aimed at facilitating its global expansion and enhancing its technological capabilities.

This investment, which is pending regulatory approval, will enable Komainu to integrate Blockstream’s collateral management and tokenisation solutions into its operations.

The funding is structured as a Bitcoin transaction and includes the establishment of a Bitcoin treasury to manage the funds effectively through risk management and hedging strategies.

Blockstream executives, including CEO Adam Back, will join Komainu’s board of directors to strengthen the partnership.

The financial support will primarily focus on adopting Blockstream’s technologies, such as the Liquid Network, which is a Bitcoin sidechain designed for asset management.

Komainu intends to utilise the Liquid Network to expedite settlement times for off-exchange margining and transactions through its Komainu Connect solution.

Paul Frost-Smith, co-CEO of Komainu, remarked that this funding will allow the company to “expand into new markets” and significantly reduce processing times for its services from hours to minutes.

“This transaction is the first ever Series B to be funded in Bitcoin,” he noted, highlighting the innovative nature of this funding approach.

The partnership with Blockstream will also expand Komainu's range of digital asset services through enterprise-grade solutions like its hardware security module wallet.

Initial expansion targets include Singapore and Japan, with plans to subsequently enter the US and Switzerland markets.

Additionally, Komainu has pursued an acquisition of Propine Holdings to bolster its capabilities in Asia, responding to increasing client demand.

Frost-Smith previously indicated that acquiring Propine would enhance Komainu's service offerings in the region.

At the time of reporting, the Bitcoin (BTC) price was $101,636.