Komainu set to acquire Propine Holdings 22 October 2024Singapore Reporter: Clelia Frondaroli
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Komainu has announced an agreement in principle to acquire Propine Holdings, a provider of digital asset custody through Propine Technologies.
This acquisition would mark the expansion of Komainu in Singapore and would provide the firm with a new regional hub for its digital asset and custody services.
The combined platform is further said to offer enhanced security and compliance to regulatory requirements for the company’s clients.
Paul Frost Smith, co-CEO at Komainu, comments: “Singapore is an important strategic hub for Komainu in Asia and Propine will enhance our capabilities in meeting the significant client demand we are experiencing, including for Komainu Connect, our collateral management service, which is already extensively utilised by our investor clients in Hong Kong.”
Tuhina Singh, CEO at Propine, adds: “We are excited to build on our success to date with the backing and support of the Komainu group and expand our offering across Asia Pacific.”
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