Nomura-backed Komainu to acquire Propine Holdings.

Nomura-backed Komainu, a regulated custodian and service provider for digital assets, agreed to acquire Propine Holdings, a provider of digital custody and crypto management services. Financial terms were not disclosed. “Singapore is an important strategic hub for Komainu in Asia and Propine will enhance our capabilities in meeting the significant client demand we are experiencing, including for Komainu Connect, our collateral management service, which is already extensively utilised by our investor clients in Hong Kong, Singapore, Malaysia, Thailand and Australia. Asia Pacific is central to Komainu’s heritage and having a strong presence in Singapore will enable us to leverage talent across the region as well as better serve our Asia-based clients in their own time zone,” Paul Frost Smith, Komainu Co-CEO.