Komainu Bags $75M In Bitcoin from Blockstream Capital Partners

Komainu, a prominent digital asset custody firm, has raised $75 million in Bitcoin (BTC) investment in a Series B funding round from Blockstream Capital Partners. This investment is important for the outfit and will help the company expand internationally. According to the announcement, the firm intends to use the funds to improve its operations, grow its presence worldwide, and enhance its capabilities. Komainu Plans to Establish its Bitcoin Treasury Meanwhile, Komainu, a joint venture between Nomura, a Japanese financial giant , has become an important custodian for high-quality digital assets. With the new funding, Komainu will build its infrastructure to meet the increasing demand from institutions for secure and regulated crypto custody services. Notably, it plans to establish its own Bitcoin treasury. The company manages the Bitcoin provided by Blockstream Capital. Komainu will also improve its skills in managing Bitcoin and use this experience to offer customized solutions for institutional clients. Meanwhile, Blockstream’s CEO and co-founder, Adam Back, will join the Board of Directors at Komainu as part of an investment deal. Also, two other Blockstream executives, Peter-Paul Pardi and Nicolas Brand, will join the Komainu board. Their experience and leadership will help Komainu grow. With this investment and new board members, Komainu will expand and offer institutional clients the security and trust they need in the changing crypto market. Intriguingly, Komainu boasts of industry-leading services designed by security, financial, and crypto experts. Bitcoin is an Important Hedge Against Inflation Recall that Adam Back, a British cryptographer, and cypherpunk, joined a circle of financial experts who recently became bullish on Bitcoin’s valuation . The CEO is certain BTC would reach a record value of over $100k. Meanwhile, Blockstream recently closed a $210 million funding round , strengthening its Bitcoin treasury. Founded in 2014, Blockstream has consistently been at the forefront of crypto innovation. Its core mission centers around improving Bitcoin’s scalability and efficiency. Likewise, a well-known financial expert, Novogratz, voiced his belief that Bitcoin will function as an important hedge against the potential implication of increasing debt . Novogratz earnestly advised investors to consider taking action by contemplating obtaining BTC amid a shocking revelation regarding the increasing national debt of the United States. The post Komainu Bags $75M In Bitcoin from Blockstream Capital Partners appeared first on TheCoinrise.com .