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Hedge Fund Manager Alan Howard Leads $25M Raise for Crypto Custodian Komainu
Galaxy Digital, NOIA Capital and Nomura Research Institute also joined the round, becoming strategic partners.
Updated May 9, 2023, 3:16 a.m. Published Mar 9, 2021, 10:49 a.m.
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Digital asset custodian Komainu has closed a $25 million Series A fundraise led by billionaire hedge fund manager Alan Howard.
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- 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.
Read more: Coinbase Valuation Nears $100B Ahead of March Nasdaq Listing: Bloomberg
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