Komainu agrees to acquire Propine in Singapore to expand its footprint in Asia Ex-Japan
Komainu, the leading regulated custodian and service provider for digital assets, built by institutions for institutions, announced an…
Komainu, the leading regulated custodian and service provider for digital assets, built by institutions for institutions, announced an agreement in principle to acquire Propine Holdings, the provider of digital asset custody and related services through Propine Technologies, a regulated digital asset custodian in Singapore, subject to approval by the Monetary Authority of Singapore.
The acquisition significantly enhances Komainu’s presence in Singapore and provides a new regional hub for its custodial and digital asset servicing capabilities. Combining the strengths of both organizations enables Komainu to continue setting the standard for innovation in digital asset services. The combined platform will not only offer robust security and bank-grade governance but also meet the highest regulatory standards, catering to the growing demand for secure, compliant and battle-tested custody solutions.
Tuhina Singh, CEO at Propine, said: “This deal marks the start of a transformative chapter for Propine, as we join forces with Komainu, backed by Laser Digital, to build out our capabilities in the region under the Komainu brand. We are excited to build on our success to date with the backing and support of the Komainu group and expand our offering across Asia Pacific.”
We were priviliged to interview Tuhina almost four years ago, during the early days of Propine, for the eXponential Finance Podcast.
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