According to Wu Shuo, Komainu, a cryptocurrency custody institution backed by Nomura Holdings, is acquiring its Singaporean competitor Propine Holdings Pte Ltd, marking Komainu's first acquisition. Komainu's co-CEO Paul Frost-Smith stated in an interview that the acquisition of Propine is awaiting approval from the Monetary Authority of Singapore, and this is expected to be the first of several acquisitions. He declined to disclose the specific amount Komainu is paying for Propine. Frost-Smith mentioned that acquiring Propine will enable Komainu to obtain a capital markets services license in Singapore, adding that this is "an absolute key factor in building the business."

According to Wu Shuo, Komainu, a cryptocurrency custody institution backed by Nomura Holdings, is acquiring its Singaporean competitor Propine Holdings Pte Ltd, marking Komainu's first acquisition. Komainu's Co-CEO Paul Frost-Smith stated in an interview that the acquisition of Propine is awaiting approval from the Monetary Authority of Singapore and is expected to be the first of several acquisitions. He declined to disclose the specific amount Komainu is paying for Propine. Frost-Smith noted that acquiring Propine will enable Komainu to obtain a capital markets services license in Singapore, adding that this is an "absolute key factor in building the business."

Komainu, a crypto custody firm supported by Nomura Holdings, plans to acquire Propine.