Komainu has revealed that it has secured a significant $75 million strategic investment from Blockstream, denominated in Bitcoin, will empower Komainu to create a dedicated Bitcoin reserve and bolster its global expansion efforts.
The collaboration includes incorporating Blockstream’s Liquid Network, a federated Bitcoin sidechain, with the goal of improving Komainu’s off-exchange margining and settlement services.
The merging of this system is anticipated to decrease the time taken for processing by a large margin, from several hours down to just a few minutes. Furthermore, Komainu intends to implement Blockstream’s AMP technology, which streamlines the creation and handling of digital assets, enabling the automated tokenization of regulated assets.
The integration is anticipated to greatly decrease processing times, moving from hours to minutes. Furthermore, Komainu intends to utilize Blockstream’s AMP technology to streamline the issuance and control of digital assets, thereby automating the tokenization of regulated assets.
Paul Frost-Smith, co-CEO of Komainu, highlighted the firm’s ambition to establish itself as a premier partner for institutional investors seeking comprehensive digital asset solutions.
Blockstream’s co-founder and CEO Adam Back, along with director PeterPaul Pardi and advisor Nicolas Brand, will become members of Komainu’s board as per the investment agreement.
Komainu’s latest move to purchase Propine, a Singapore-headquartered digital asset custodian, marks a key step in its broader plan to strengthen its presence across the Asian market.
The company stream to enhance its existing services and drive greater institutional investment in Bitcoin.
