Komainu acquires Propine Holdings Pte Ltd to strengthen its position in Singapore and expand digital asset custody services in the Asia-Pacific region 🌏

434 Total views in all languages

SINGAPORE—Komainu, a leading regulated provider of digital asset services, announced plans to acquire Propine Holdings Pte Ltd, a company offering digital asset custody services in Singapore, subject to regulatory approval.

This acquisition will strengthen Komainu's position in Singapore, creating a new hub for digital asset services in the region. The combination of the companies' capabilities will enable them to offer high-level solutions in terms of security and regulatory compliance.

Komainu’s Co-CEO Paul Frost-Smith noted that Singapore is an important strategic hub for the company, allowing them to better serve clients in Asia. Propine CEO Tuhina Singh highlighted that the deal would open up new opportunities for expanding services in the region under the Komainu brand.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

RoadMap

Top Articles of the Last 10 Days

Binance will remove nine stablecoins, including USDT and DAI, from March 31 in Europe to comply with the MiCA regulation, while support for storing and withdrawing tokens will remain

Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining

Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts

Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions

The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China

Colombia has proposed a new bill to regulate the cryptocurrency industry with the goal of protecting users, combating fraud, and stimulating investments in the country

Nigeria receives $60 million from confiscated US assets after Tigran Gambaryan’s release, strengthening cooperation in the fight against corruption and financial crimes

Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects