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BaFin-Licensed Crypto Custodian Finoa Will Offer Regulated DeFi

Berlin-based cryptocurrency custody firm Finoa is extending its range of brokerage and crypto staking services to include easy access to a regulatory-compliant form of decentralized finance (DeFi) via the firm’s custodial wallet infrastructure. Having attained license approvals from German financial regulator BaFin earlier this year, the custody provider is offering its 300-plus institutional clients FinoaConnect. Regulated institutions can get involved with DeFi lending pools and automated market making, but they have to know who they are trading with. In recent months, Finoa has received a good deal of inbound demand to enable decentralized apps in web 3 apps in its custodial wallets.

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