TechFlow news, October 22 — Komainu, a regulated crypto custody firm jointly established by Nomura Securities, Ledger, and CoinShares, is planning to acquire its Singapore-based rival Propine Holdings Pte Ltd. Paul Frost-Smith, Co-CEO of Komainu, said in an interview that the acquisition of Propine is currently awaiting approval from the Monetary Authority of Singapore (MAS), and could be the first of several acquisitions. He declined to disclose the specific financial terms. Frost-Smith noted that acquiring Propine would grant Komainu a Capital Markets Services License in Singapore, calling it an "absolutely critical factor" for building the business. Komainu is accelerating its expansion across Asia, as economies including Singapore, Hong Kong, and Japan have established regulatory frameworks for digital assets over the past few years.
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