Komainu announced a new round of funding that will be used for expanding services and partnerships. The latest round was closed in $25M and is a strategic step toward better institutional custody services. The Series A funding helps Komainu find more enterprise customers that need custody for entering the digital assets industry.
Expanding Services for Institutional Custody
The blockchain and cryptocurrency movements have been successful in attracting businesses. Many company execs are working hard to join the movements and migrate their services to the digital world. They now need services that facilitate the move. They need more trust, and platforms like Komainu can be very practical in this path.
The latest $25M Series A funding for Komainu surely helps them expand services and find more enterprise customers. They want to become the first choice for businesses that need institutional custody for entering the digital world.
The latest Series A funding for Komainu, led by Alan Howard of Elwood Asset Management, was closed with the partnership of Galaxy Digital, NOIA Capital, and Nomura Research Institute (NRI). These investors will also work as strategic partners for Komainu. The company will focus more on the global presence and expanding services with the new fund.
Komainu is the result of a partnership between some digital asset companies that acknowledged the need for custody services. Nomura, Ledger, and CoinShares partnered to found this company in 2018 and provide the essential custody needs to enterprises. Currently, Komainu holds over $3 Billion in assets under custody. Financial institutions, corporations, and government agencies are the main customers of Komainu. Komainu President, Henson Orser, said about the latest funding:
“Komainu will continue to build the future of digital asset custody, extending beyond simply the storage of assets, to a core strategic pillar of any investment management strategy. We are grateful to the entire Komainu ecosystem – our team, investors, partners, and clients – for sharing our vision and working with us to create a new standard for institutional participation in digital assets.”
The new investment will help Komainu do many things considering growth and expanding services. They can expand their supported assets and grow to more companies. New services help Komainu become the first choice for companies that need custody for entering the digital asset space. Prime brokerage service is the primary goal for Komainu. It can bridge the gap between traditional and innovative digital asset solutions by providing complementary services in this area.
If you found this article interesting, here you can find more Blockchain and cryptocurrency news
