Komainu, a cryptocurrency custodian focused on institutional investors, announced it had raised a $25 million in Series A funding round led by Alan Howard of Elwood Asset Management, with additional participation from Galaxy Digital, NOIA Capital and Nomura Research Institute.
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The custodian says the raised capital will allow it to expand geographically and add support for new cryptocurrencies. Komainu President, Henson Orser, says the company will grow further beyond "simply the storage of assets."
"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," Orser added.
Earlier in January this year, Komainu signed an agreement with Derbyshire Constabulary on behalf of the National Police Chiefs' Council Cybercrime Programme to provide policing with a cryptocurrency custody solution. With the partnership, UK policing can now store seized cryptocurrencies during the investigatory process.
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