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komainu acquires propine holdings in strategic expansion move

Komainu, the cryptocurrency custodian backed by Nomura Holdings Inc., is acquiring Singaporean rival Propine Holdings Pte Ltd. This marks Komainu's first acquisition, pending approval from the Monetary Authority of Singapore, with plans for more acquisitions in the future, according to co-CEO Paul Frost-Smith. The financial details of the deal have not been disclosed.
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