Komainu Raises $75 Million in Funding... Entirely in Bitcoin

Source
JOON HYOUNG LEE

Summary

  • Komainu announced that it has secured an investment of $75 million from Blockstream Capital Partners.
  • The entire investment was raised in Bitcoin (BTC), emphasizing the importance of cryptocurrency assets.
  • Adam Back, CEO of Blockstream, is reported to join the Komainu board of directors.

Japanese cryptocurrency custody firm Komainu has raised $75 million (approximately 110 billion KRW) in funding.

According to Bloomberg on the 16th, Komainu recently secured $75 million in investment from Blockstream Capital Partners. Komainu will receive the entire investment in Bitcoin (BTC).

Komainu is a company established through a joint venture between Japan's major financial group Nomura and virtual asset management firm CoinShares. With this investment, Adam Back, CEO of Blockstream, will join the Komainu board of directors.

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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