Hedge fund veteran Alan Howard leads $25 million Series A for crypto custodian Komainu

Mar 9, 2021 | The Block News | 0 comments

hedge-fund-veteran-alan-howard-leads-$25-million-series-a-for-crypto-custodian-komainu

Nomura-backed institutional crypto custodian Komainu has raised $25 million in Series A funding.

The round was led by hedge fund veteran Alan Howard, who also owns crypto-asset manager Elwood Asset Management. Additional participants in the round included Galaxy Digital, NOIA Capital, and Nomura Research Institute.

Established in 2018, Komainu is a joint venture between three firms: Nomura, Ledger, and CoinShares. All three firms also contributed to Series A.

With fresh capital at hand, Saint Helier, Jersey-based Komainu plans to expand globally, support additional assets, and provide services to prime brokerages.

Komainu was launched in June 2020 and currently holds over $3 billion in assets under custody on behalf of institutional investors, including asset managers, corporations, and government agencies.

The Series A comes amid a rally in bitcoin’s price as more institutions are investing in the world’s first and largest cryptocurrency. Bitcoin is currently trading at around $54,200, according to TradingView.

Hedge fund manager Howard appears to be on a crypto-investing spree. The British billionaire has recently backed several startups in the space, including One River Digital Asset Management and bitcoin payments app Bottlepay.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

News Source from TheBlockCrypto.com

Related Articles

Crypto-First Trading App SimpleFX to Introduce Staking

Crypto-First Trading App SimpleFX to Introduce Staking

PRESS RELEASE. SimpleFX, one of the world’s leading trading apps with both crypto and fiat accounts is going to invite traders to try out their beta staking module. The trading app is already recognized as a great alternative to mainstream Robinhood or eToro...

Pin It on Pinterest

Share This