CoinVoice has recently learned that Komainu, a compliant crypto custody company jointly established by Nomura Securities, Ledger and Coinshares, intends to acquire its Singapore-based competitor Propine Holdings Pte Ltd.

The Propine acquisition, which is awaiting approval from the Monetary Authority of Singapore, could be the first of several, Komainu co-CEO Paul Frost-Smith said in an interview. He declined to disclose the value of the deal.

Frost-Smith said the acquisition of Propine will enable Komainu to obtain a capital markets services license in Singapore, adding that this is an absolutely critical factor in building the business. Komainu is accelerating its expansion in Asia, where economies from Singapore to Hong Kong, China and Japan have established regulatory regimes for digital assets in the past few years. [Original link]