
Germany-based Crypto Custodian Finoa Raises $15M at $100M Valuation
Finoa’s funding round, initially targeting $5-6 million from existing investors, surpassed expectations amid external investor interest driven by the firm’s recent profitability.
Finoa’s funding round, initially targeting $5-6 million from existing investors, surpassed expectations amid external investor interest driven by the firm’s recent profitability.
Finoa announces today that it has partnered with the digital asset infrastructure provider and licensed securities trading bank DLT Finance to offer regulated digital asset brokerage services to its clients.
Finoa is now one of the few companies to be fully licensed and regulated as a crypto custodian and broker by Germany’s Financial Supervisory Authority (BaFin), allowing it to expand its offering of crypto services to institutional investors and Web3 companies.
The partnership will see Finoa work with Meta Pool and offer in-custody liquid staking to institutional investors and corporations.