Komainu, a regulated digital asset management company, announces intent to acquire Propyne Holdingsa digital asset custody provider based in Singapore.
The deal, which is pending approval from the Monetary Authority of Singapore, will strengthen Komainu’s presence in Southeast Asia, excluding Singapore and Japan.
The acquisition will enable Komainu to leverage Propine’s established infrastructure and regulatory compliance in Singapore.
By combining their respective expertise, both companies aim to provide clients with enhanced security, advanced technology solutions, and a wide range of supported assets.
Paul Frost-Smith, co-CEO of Komainu, said:
“Singapore is a key strategic location for Komainu in Asia and Propine has a large customer base that we experience, including our collateral management service Komainu Connect, which is already widely used by our Hong Kong investor clients. Strengthen our ability to meet demand in Singapore, Malaysia, Thailand and Australia.
The Asia-Pacific region is at the heart of Komainu’s heritage, and having a strong presence in Singapore not only allows us to leverage talent across the region, but also allows us to better serve our Asia-based customers in their respective time zones. You will be able to do it. ”
Robert Johnson, co-CEO and CTO of Komainu, said:
“This acquisition strengthens our existing Asia operations team by giving our clients even greater choice in the technology solutions they employ to keep their assets safe.
At Komainu, we provide bespoke services to our customers and this acquisition expands the types of solutions we can offer and the range of assets supported. Our integrated infrastructure enables institutional customers to confidently handle the complexities of digital asset custody, ensuring the highest levels of performance, scalability, and security. ”
Featured image credit: Edited from freepic
