Komainu is aiming to acquire Propine Holdings, the parent company of Singapore-based local custody provider Propine Technologies. The transaction value was not disclosed. If approved, the sale would be Komainu’s first acquisition. Propine holds a Capital Markets Services Licence from the Monetary Authority of Singapore (MAS). Following the acquisition, Komainu will apply for a Major Payments Institution licence from the MAS. CEO Paul Frost-Smith said Propine will contribute to Komainu’s strategy to expand its presence in Asia. Share your views in the comments.