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According to DL News, Paul Frost Smith, CEO of cryptocurrency custodian Komainu, stated that he is actively seeking global acquisition opportunities to expand his business scope and transform into a "leading digital asset service provider outside the United States". This company, jointly established by Nomura Securities, CoinShares, and Ledger, has over $10 billion in assets under custody after completing a $75 million Series B financing in January. The company plans to fully expand into the Singapore and Japan markets in the next 6-9 months, with an expected increase in employee size to 120 by the end of the year. Komainu is applying for a MiCA license for the European market, but the proposed strict regulation in the UK may force the company to exit the market. Frost Smith warns that excessive regulation may force "conservative and prudent operators" to withdraw.