Odaily Frontline | Komainu, a digital asset custodian, completes $25 million in Series A financing
This article comes fromKomainu official website
Odaily Translator | Nian Yin Si Tang
Odaily Translator | Nian Yin Si Tang
Regulated digital asset custody service provider Komainu has announced the completion of a $25 million Series A funding round. The new funding round will expand Komainu's global presence and accelerate growth plans. This round of financing was led by veteran hedge fund manager, Brevan Howard and Elwood Asset Management co-founder Alan Howard, with participation from Galaxy Digital, NOIA Capital and Nomura Research Institute. The investors will become Komainu's strategic partners.
Komainu is a joint venture between global investment bank Nomura, digital asset security firm Ledger, and digital asset investment firm CoinShares. All three companies also participated in this round, reaffirming their commitment to the Komainu business. Founded in 2018, Komainu aims to fill the gap in the market and provide safe and compliant custody services for digital asset investment institutions. Officially launched in June 2020, Komainu currently holds over $3 billion in assets under custody of asset managers, financial institutions, corporations and government agencies.
The funds will allow Komainu to expand its custody solution to support additional assets and capabilities, enable geographic growth, and provide complementary services in digital asset prime brokerage. Through these innovations, Komainu will continue to bridge the gap between traditional finance and the growing digital asset class, revolutionizing the way technology-oriented custodians integrate with institutional-grade digital asset prime brokerage services.
Henson Orser, President of Komainu, commented: "Kmainu will continue to build the future of digital asset custody, going beyond simple asset storage and becoming a core strategic pillar of any investment management strategy. We thank the entire Komainu ecosystem - our team, investors, collaborations Partners and clients - share our vision and collaborate with us to create a new standard for institutional engagement with digital assets."
Steve Ashley, Head of Wholesale at Nomura, said: “Over the past year, Komainu has grown from strength to strength, with growing institutional interest in the digital asset space. These new partners and investors arrive as Komainu sets out to build a first-class Digital asset custody platform."
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About Komainu
Headquartered in Jersey, Komainu has received regulatory approval for a crypto custody and storage service in Jersey and aims to create a cryptocurrency ecosystem suitable for institutional investors. Komainu is the first hybrid custodian for institutional digital asset investors created by Japanese investment bank Nomura, digital asset management firm CoinShares, and digital asset security firm Ledger.
Several large financial institutions, including Nomura, hope that traditional assets such as bonds or stocks can be issued digitally using blockchain technology to reduce costs and simplify some processes. The lack of back-office services by major financial service providers has long hindered the widespread adoption of digital assets. Komainu can be integrated with financial institutions’ technical systems, and it only accepts clients and tokens that pass anti-money laundering and provenance checks.
On January 22, 2021, Komainu is working with British authorities to store confiscated cryptocurrencies. Komainu is backed by Gentium, a UK-based law enforcement advisory services firm specializing in financial crime. Angela McLaren, Assistant Commissioner of the Metropolitan Police, said: "Specialist cybercrime units are regularly investigating cryptocurrencies and there is an urgent need to secure storage solutions from regulated providers."
