Komainu Secures $75 Million Bitcoin Investment from Blockstream Capital

Blockstream CEO and co-founder Adam Back to Join Komainu Board

Komainu, a cryptocurrency custody venture involving Nomura, Ledger, and Coinshares, has successfully raised $75 million in a strategic investment from Blockstream Capital Partners, the company announced in a press release.

This investment is notable for being funded entirely with Bitcoin (BTC). Komainu intends to utilize this funding to establish its own Bitcoin treasury and manage the cryptocurrency provided by Blockstream.

The funds will support Komainu's strategic growth initiatives and facilitate the implementation of Blockstream's technologies. With the adoption of Blockstream's Liquid Network, Komainu anticipates a significant reduction in off-exchange margining and settlement times.

Blockstream executives Adam Back, PeterPaul Pardi, and Nicolas Brand will be appointed to Komainu's board of directors.

“We are delighted that Komainu is adopting Blockstream’s various technology streams to enhance its institutional service offering,” said Adam Back, CEO and co-founder of Blockstream Corp. “This indicates the fundamental credibility of Bitcoin-related technologies and marks the first instance of these entering the institutional domain.”