Finoa Integrates Meta Pool Enabling First In-custody Liquid Staking of $NEAR for Institutional Investors

November 8th, 2022 at 3:42 pm UTC · 3 min read

Finoa, the regulated crypto asset custodian, today announces its partnership with Meta Pool, the liquid staking solution for NEAR protocol. The partnership will allow institutions to accrue staking rewards while unlocking liquidity to participate in other DeFi activities. By integrating Meta Pool, Finoa will further promote the decentralization of the NEAR blockchain while still meeting the security requirements and capital efficiency sought by institutional investors.

Meta Pool is the leading liquid staking solution for $NEAR and wNEAR crypto tokens holders on NEAR Protocol and Aurora. Founded in August 2021, Meta Pool have created the most widely used liquid staking derivative, stNEAR, in the NEAR ecosystem. This partnership will expand Finoa’s offering to its institutional investors, enabling them to access more DeFi opportunities to generate additional returns on their investments.

Finoa provides curated access to exciting projects in the crypto ecosystem, enabling institutional investors and token holders to participate through its fully-regulated and secure platform. Its user-friendly staking experience ensures optimal capital efficiency for crypto-asset holdings, and detailed reporting tools help meet the compliance needs of enterprise-grade clients.

Commenting on the partnership, Co-Founder & Co-CEO Henrik Gebbing said:

“We’ve been supporting the NEAR ecosystem since day one, and are excited to work with the Meta Pool team to further enable institutional participation, growth, and decentralization of the network.”

Claudio Cossio, Co-Founder of Meta Pool, adds:

“Liquid staking through custodial services will bring liquidity and security to NEAR. For institutional investors and high-net-worth individuals with specific needs, we know Finoa is delivering, and that’s why they are a key partner for us. ”

About Finoa

Finoa provides institutional access to the ever-growing crypto-asset ecosystem, with extensive asset coverage and day-one support for emerging blockchain protocols and in-demand projects. Founded in 2018 by Christopher May and Henrik Gebbing, the company offers institutional investors a full range of financial services including custody and staking. Finoa’s intuitive platform enables users to securely store and manage their assets regardless of their level of familiarity with crypto. As a regulated custodian (§64y KWG) the company serves high-profile clients from around the world, including renowned venture capital firms, crypto hedge funds, corporates, and high-net-worth individuals.

About Meta Pool

Meta Pool is the leading liquid staking solution for NEAR Protocol and Aurora network $NEAR and wNEAR token holders. With Meta Pool you earn NEAR staking rewards and maintain your liquidity to participate in DeFi protocols on NEAR and Aurora. Users staking $NEAR and wNEAR with Meta Pool receive in exchange stNEAR (staked NEAR) tokens. Our process solves the problems associated with Proof-of-Stake networks staking: illiquidity, immovability and accessibility. Meta Pool also distributes staking in multiple validators to improve censorship-resistance of the NEAR network.

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