[NEWS] Komainu, founded by Nomura Holdings, raises over 10 billion yen from Blockstream

Komainu, which was co-founded by Nomura Holdings, Ledger, and Coinshares, announced on the 16th that it has raised funds from Blockstream, a blockchain developer focused on Bitcoin (BTC).

This fundraising is part of a Series B round, and Komainu has accepted the funds in the form of Bitcoin worth $75 million (approximately 11.7 billion yen). Komainu emphasizes that this is "innovative." It will also establish a Bitcoin Treasury to manage the Bitcoin raised from Blockstream.

The funds raised will be used to develop trustless trading solutions and tokenization efficiency. These will be done using Blockstream's Liquid Network. Komainu expects that this will significantly shorten the settlement time for its institutional investor solution "Komainu Connect."

As part of the funding round, Blockstream CEOs Adam Back and PeterPaul Pardi, as well as Blockstream executives PeterPaul Pard and Nicolas Brand, were also announced to join Komainu's board of directors.

In the announcement, Back commented, "We are pleased that Komainu will be adopting Blockstream's various technologies to enhance its institutional services." He said the initiative "is a testament to the fundamental reliability of Bitcoin-related technology and applications, and marks the first time we are entering the institutional space."

He continued, "We are confident that use cases will expand as institutional investors realize the capabilities of the Lightning Network and Liquid Network."

Reference: Announcement
Image: Shutterstock

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