Komainu CEO eyes deals to push beyond custody amid crypto M&A boom – DL News
- Komainu is exploring acquisitions, says CEO.
- It’s part of a wider crypto consolidation wave.
- The firm faces competition from other non-US bank-backed custodians.
Paul Frost Smith said he wants to make a deal — or several.
The CEO of Komainu, a crypto custodian, said he’s looking to scoop up crypto companies across the world to either get a foothold in new regions or to open up additional business lines.
And there’s plenty of opportunities to go around as crypto downshifts into its richest bull market since 2021.
“The industry is in a state now where nearly everything is for sale. I’ve never seen anything quite like it,” Frost Smith told DL News in a wide-ranging interview.
Komainu’s goal? To “become the dominant digital…
