Nomura-backed crypto custody provider Komainu has acquired Singaporean rival Propine Holdings. However, the acquisition is awaiting approval from the Monetary Authority of Singapore. 🚨

Komainu CEO Paul Frost-Smith said the acquisition is the first step in its expansion plans in Asia. Komainu will continue to keep Japan as its primary market as it aims to acquire more licenses in Singapore.

#Crypto#MarketTrend #PolicyAnalysis