Hedge Fund Manager Alan Howard Leads $25M Raise for Crypto Custodian Komainu

Digital asset custodian Komainu has closed a $25 million Series A fundraise led by billionaire hedge fund manager Alan Howard.

STORY CONTINUES BELOW

Recommended for you:

According to an announcement Tuesday, other participants in the fundraising round included Galaxy Digital, NOIA Capital and Nomura Research Institute, which have now become strategic partners to the firm.
Komainu was established in 2018 as a joint venture involving Japan's Nomura bank, digital asset security firm Ledger and crypto investment firm CoinShares, which all contributed to this latest round of financing.
Komainu will use the investment to expand its custody services and global reach as well as provide more services within its digital asset prime brokerage business.
"With over $3 billion in assets under custody, Komainu has become one of the leading digital assets custodians globally. I am pleased to support Komainu in its mission to bridge the gap between legacy finance and the digital assets class," said Howard, co-founder of Brevan Howard Asset Management and Elwood Asset Management.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.