Komainu closes $25 million Series A funding round to expand custody offering
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Komainu closes $25 million Series A funding round to expand custody offering 10 March 2021Jersey Reporter: Maddie Saghir
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Komainu, a regulated digital asset custody services provider for institutions, has closed a $25 million Series A fundraise, which is set to expand its global presence and accelerate growth plans.
Launched in June 2020, Komainu currently holds over $3 billion in assets under custody from asset managers, institutions, corporations, and government agencies.
The $25 million Series A was led by Alan Howard’s Elwood Asset Management with additional participation from Galaxy Digital, NOIA Capital and Nomura Research Institute (NRI), who will act as strategic partners to the business.
The funds will allow Komainu to expand its custody solution to support additional assets and functionality, as well as to provide complementary services in the digital asset prime brokerage business.
Through these innovations, Komainu will continue to bridge the gap between legacy finance and the growing digital asset class.
Komainu president Henson Orser comments: “Komainu will continue to build the future of digital asset custody, extending beyond simply the storage of assets, to a core strategic pillar of any investment management strategy.”
“We are grateful to the entire Komainu ecosystem — our team, investors, partners, and clients — for sharing our vision and working with us to create a new standard for institutional participation in digital assets.”
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