PANews October 22 news, according to Bloomberg, the crypto custody company Komainu, supported by Nomura Holdings, announced the acquisition of its Singaporean competitor Propine Holdings Pte Ltd, marking its first acquisition deal. The acquisition requires approval from the Monetary Authority of Singapore, and Komainu's co-CEO Paul Frost-Smith stated that it is part of the company's expansion strategy in Asia. Through the acquisition, Komainu will obtain a capital markets services license in Singapore, laying the groundwork for future development.

In addition, Komainu plans to apply for a major payment institution license in Singapore to provide comprehensive payment services. Komainu also plans to complete a new round of financing in the coming weeks, but did not disclose the specific amount.