Nomura-backed Komainu receives $75M investment in Bitcoin (BTC) from Blockstream

Komainu, a crypto-custody joint venture between Nomura, Ledger and Coinshares, has raised $75 million in a strategic investment from Blockstream Capital Partners, the company said in a press release Thursday.

The agreement is new in that it is financed with bitcoin (BTC).

Komainu will establish its own BTC vault to manage the crypto provided by Blockstream, the company said.

The investment will be used to accelerate the custodian’s strategic growth plans and for the adoption and integration of Blockstream technologies, Komainu said.

By using Blockstream’s Liquid Network, Komainu will be able to significantly reduce margining and off-exchange settlement times.

Blockstream CEOs Adam Back, PeterPaul Pardi and Nicolas Brand will join Komainu’s board.

“We are pleased that Komainu is adopting Blockstream’s various technology streams to enhance its institutional service offerings,” Adam Back, CEO and co-founder of Blockstream Corp, said in the release.

“This is a testament to the fundamental truth of Bitcoin-related technologies and applications and marks the first time these have entered the institutional arena,” he added.

Read more: Nomura-backed Komainu aims to capitalize on the need for mature crypto infrastructure

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