Join Our Mailing List
Saturday September 23, 2023
Bitcoin (BTC) $26,599.13   Ethereum (ETH) $1,595.76
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Finoa partners with Stakewise and invests in infrastructure to support liquid staking

In conjunction with the announcement of this partnership, Finoa has also launched its new subsidiary, Finoa Consensus Services, which will run Ethereum validators for Stakewise...

Published by CryptoNinjas.net
05/25/2022
Finoa partners with Stakewise and invests in infrastructure to support liquid staking

Finoa, the regulated crypto asset custodian, today announces its partnership with Stakewise as an operator of their Ethereum liquid staking platform, which will see Finoa run validator nodes on the Ethereum mainnet and Gnosis Chain. The partnership marks a significant growth milestone for Finoa as it moves to provide support for the broader crypto ecosystem, running its own infrastructure to do so, and demonstrates its continued belief in the Ethereum community and ecosystem.

As part of this announcement, Finoa also confirms it has established a separate entity, Finoa Consensus Services GmbH, to support the new infrastructure. Led by Dr. Andreas Dittrich, the new subsidiary aims to make it simple for institutional investors to improve their capital efficiency and increase the yield on their investments through staking.

The news comes soon after data released by ByteTree showed that $13.1bn AuM in ETH single-asset ETPs is sitting dormant, earning no yield. Finoa’s move is indicative of the huge opportunity for investors who want to put measures in place to counter natural inflation on PoS networks, as well as annual fees paid to providers.

Commenting on the partnership, CEO Henrik Gebbing said: “Our partnership with Stakewise represents our commitment to fully support institutional liquid staking as a custodian, and we are pleased to be able to offer staking in the largest industry in the world. Liquid staking is becoming ever more important, and our investment in the Ethereum ecosystem and infrastructure demonstrates our ability to keep offering the most capital-efficient products to our institutional clients”.

Investors in crypto assets who have until now relied on price appreciation alone are able to participate in liquid staking on Stakewise using the Ethereum validators nodes provided by Finoa Consensus Services GmbH. Liquid Staking is offering the functionality to transfer and use staked assets, as well as increasing the capital efficiency of assets under management. “We strive to make crypto assets as productive as possible. This is why we are providing the infrastructure for institutions to get a yield from the ecosystem they have already committed to long-term,” added Andreas Dittrich, Managing Director, Finoa Consensus Services.

“For investors like family offices, venture capital funds, crypto hedge funds, corporates, and high net worth individuals that we see holding assets longer-term – it’s imperative that there continues to be a clear business case for investing. Staking rewards provide these investors with significant benefits that make investments work harder for them. At the same time, Stakewise keeps their assets liquid.” he continued.

By Finoa:

Finoa provides institutional access to the ever-growing crypto-asset ecosystem, with industry-leading 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, the company serves high-profile clients from around the world, including renowned venture capital firms, crypto hedge funds, corporates, and high net worth individuals.

SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets - a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various...

Read more

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey...

Read more

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month...

Read more

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering - the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Understanding the Rising Trend of Litecoin Casinos

Understanding the Rising Trend of Litecoin Casinos

09/17/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy