Finoa is a regulated custodian for crypto assets that services professional investors with custody and staking, offering secure storage and management of crypto assets and direct access to DeFi. The platform is licensed as a financial institution for crypto custody, investment brokerage, and proprietary trading under the German Banking Act (KWG) and is supervised by BaFin. Customers include venture capital firms, large corporations, and financial institutions. The company intends to use new funding to expand operations, broaden its business reach, and advance development efforts. Finoa is led by Co‑Founders & Co‑CEOs Christopher May and Henrik Gebbing and was founded in Berlin in 2018. Finoa is a digital asset firm that provides regulated crypto custody, brokerage and trading services to institutional investors and corporations. It has received full German BaFin approvals for crypto custody, investment brokerage and proprietary trading, enabling it to offer qualified custody and a suite of regulated crypto services. The firm had been operating under a preliminary crypto custody license since January 2020. Management said the BaFin licenses give Finoa an edge over unlicensed players domestically and expect to meet SEC criteria as a Foreign Financial Institution and qualified custodian. Finoa recently closed a strategic venture round to strengthen statutory equity and fund product development. Executives emphasized constructive dialogue with supervisors and the company’s strategy to be the go-to regulated custodian for investors diversifying into crypto. Finoa operates a digital-asset custody and financial-services platform aimed at institutional investors and corporations. It supports protocols including Dapper Labs' FLOW, NEAR and Mina to provide custody and asset servicing for blockchain-native assets. The company reports more than 250 customers, including T-Systems, DeFi-native CoinList and Bankhaus Scheich. Finoa says it is pursuing regulated status for institutional custody and has received a preliminary crypto custody license supervised by the German Federal Financial Supervisory Authority (BaFin). Founded in 2018 by Christopher May and Henrik Ebbing, the founders previously worked together at McKinsey and began working in blockchain in 2017. Finoa competes with custodians such as Anchorage, Coinbase Custody and Bitgo, exchanges like Binance and Kraken, and self-custody solutions such as Ledger. The company plans to support additional protocols, enable new corporate use cases, and add decentralized financial products and services to its platform. Finoa, founded in 2018 and based in Berlin, has developed the world’s first fully digital (warm-storage) custody and asset-servicing solutions for Digital Assets tailored to institutional investors, VCs, family offices, HNWIs and corporations. Its custody platform enables secure storage and management of cryptographic tokens with a directly accessible and intuitive user experience. The custody infrastructure underpins a growing product portfolio including Prime Brokerage, Tokenization Services, Lending, Staking and Investment Services/Wealth Management. Since launching its product in summer 2019, Finoa already serves +60 professional investors, including hedge fund INVAO Group and VCs such as Atlantic Labs and Inflection. The company has received a preliminary license approval from BaFin (expected to be confirmed by November 2020). Finoa plans to use its recent funding to grow the team, scale the product portfolio and explore new business revenue lines.

Total raised

$37M

Funding rounds

4

Latest round

Equity

Latest activity

Jan 2024