Komainu, a crypto custody company backed by Nomura Holdings, has announced the acquisition of Singaporean competitor Propine Holdings Pte Ltd, marking its first acquisition deal. This acquisition is subject to approval from the Monetary Authority of Singapore, and Komainu will obtain a capital markets services license in Singapore, laying the foundation for future development. Komainu also plans to apply for a major payment institution license in Singapore to provide comprehensive payment services. Additionally, Komainu intends to complete a new round of financing in the coming weeks, although specific amounts have not been disclosed.

PANews reported on October 22 that Komainu, a crypto custody company backed by Nomura Holdings, has announced the acquisition of its Singaporean competitor, Propine Holdings Pte Ltd, marking its first acquisition deal. This acquisition is subject to approval from the Monetary Authority of Singapore. Komainu's Co-CEO Paul Frost-Smith stated that this move is part of the company's strategy to expand in Asia. Through the acquisition, Komainu will obtain a capital markets services license in Singapore, laying the groundwork for future development.

Additionally, Komainu plans to apply for a major payment institution license in Singapore to provide comprehensive payment services. The company also intends to complete a new round of financing in the coming weeks but has not disclosed the specific amount.

Crypto custody company Komainu, supported by Nomura Holdings, announces the acquisition of Propine.