Blockdaemon Partners with Digital Asset Custodian Finoa to Offer Staking Services to Institutional Investors

Blockdaemon Partners with Digital Asset Custodian Finoa to Offer Staking Services to Institutional Investors

Partnership fuels rapidly accelerating institutional interest in cryptocurrencies

Blockdaemon, the leading blockchain infrastructure platform for node management, has partnered with Finoa, an institutional-grade custody and asset-servicing solution platform for investors in digital assets, to bring secure staking services to institutional players.

As part of this partnership, Blockdaemon will provide extensive staking services to Finoa’s network of institutional clients, with support provided for major proof-of-stake protocols including Polkadot, Tezos, Cosmos and Ethereum 2.0. This development will vastly simplify the process of staking for institutions, with live monitoring and metrics tools, APIs and back-up systems reducing the risk of downtime slashing, and highly customizable infrastructure allowing clients to either run their own dedicated validator node, or stake tokens to Blockdaemon’s validators.

Commenting on the announcement, Konstantin Richter, CEO of Blockdaemon: “2020 has seen unprecedented levels of institutional adoption of cryptocurrencies. Our partnership with Finoa is testament to the rising interest in crypto assets by key institutional players. We are proud to welcome this new category to the blockchain ecosystem, and have Finoa integrated with us to catapult emerging technology into a new and exciting phase of growth. While managing staking services can be complicated, time-consuming and costly, we are happy to be working with leading custodians to simplify the process.”

Finoa enables institutional investors to seamlessly, reliably, and securely enter the digital asset ecosystem. With a highly intuitive user interface, Finoa provides custody and staking services to some of the world’s most renowned venture capital firms, multinational corporations, and financial institutions. The Berlin-based crypto custodian is regulated by the German Federal Financial Supervisory Authority (BaFin) and holds a preliminary crypto-asset license, providing investors with a trustworthy custody solution.

Commenting on the announcement, Henrik Gebbing, Co-Founder and Co-CEO of Finoa, “We are excited about this partnership, as best-in-class infrastructure is key for us to scale across protocols and decentralized financial services. This is why Blockdaemon is the right partner to support our growth story.”

Blockdaemon supports the longevity of blockchain networks by simplifying the process of staking and deploying nodes. Users looking to interact with public, permissioned-based, and staking networks can connect to 30+ protocols through the Blockdaemon Marketplace including Bitcoin, Polkadot, Cosmos, Celo, Ethereum, Filecoin and more, and run your own dedicated validator node, or stake your tokens to Blockdaemon’s validators. With over 250 institutional customers, Blockdaemon is trusted by the industry’s leading networks, exchanges, enterprises, custodians, developers, and funds including Trust Wallet, Coinfund, Algorand Foundation, Ledger, Slow Ventures, and BTC Markets.

About Blockdaemon 

Blockdaemon is the leading blockchain node infrastructure platform, internally ISO 27001 compliant, with enterprise-grade security and backup systems. Supporting 30+ protocols, 70 out-of-the-box node types, and monitoring plug-ins for cloud and on-premises services, Blockdaemon is used by exchanges, custodians, enterprises, financial institutions and 10k+ developers to connect commercial stakeholders to blockchains. Blockdaemon’s mission is to simplify the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, BYOI, auto-decentralization and auto-healing of nodes.

About Finoa

Your Key to Digital Asset Banking – Finoa is a qualified custodian for Digital Assets, servicing professional investors with Custody and Staking. The platform enables its users to securely store and manage their crypto-assets, while providing a directly accessible, highly intuitive and unique user-experience, enabling seamless access to the ecosystem of Decentralized Finance (DeFi). Reference customers include the world’s most renowned Venture Capital firms, large corporations and financial institutions. Finoa was founded in Berlin in 2018, has received a preliminary crypto custody license (§64y Para. 1 KWG) and is supervised by the German Federal Financial Supervisory Authority (BaFin).