June 15, 2021

Blockdaemon groups with Finoa to provide staking services to institutions

2 min read

Blockdaemon, a blockchain facilities platform for node management, today revealed it has partnered with Finoa, an institutional-grade custody and asset-servicing service platform for investors in digital assets, to bring protected staking services to institutional players.

As part of this collaboration, Blockdaemon will offer substantial staking services to Finoa’s network of institutional clients, with support offered significant proof-of-stake procedures consisting of Polkadot, Tezos, Cosmos, and Ethereum 2.0.

This development will significantly simplify the process of staking for institutions, with live monitoring and metrics tools, APIs, and back-up systems lowering the risk of downtime slashing, and highly adjustable infrastructure permitting clients to either run their own dedicated validator node, or stake tokens to Blockdaemon’s validators.

Konstantin Richter, CEO of Blockdaemon”2020 has actually seen unprecedented levels of institutional adoption of cryptocurrencies. Our partnership with Finoa is testimony to the rising interest in crypto assets by key institutional gamers. We are happy to invite this new classification to the blockchain environment, and have actually Finoa incorporated with us to catapult emerging technology into a new and interesting phase of growth. While handling staking services can be made complex, time-consuming and expensive, we are happy to be dealing with leading custodians to streamline the procedure.”
– – Konstantin Richter, CEO of Blockdaemon

Finoa enables institutional financiers to safely go into the digital property ecosystem. With an extremely user-friendly interface, Finoa offers custody and staking services to some of the world’s most distinguished venture capital firms, international corporations, and banks. The Berlin-based crypto custodian is controlled by the German Federal Financial Supervisory Authority (BaFin) and holds a preliminary crypto-asset license, offering financiers with a trustworthy custody solution.

Blockdaemon supports the durability of blockchain networks by simplifying the process of staking and deploying nodes. Users aiming to interact with public, permissioned-based, and staking networks can link to 30+ procedures through the Blockdaemon Marketplace including Bitcoin, Polkadot, Cosmos, Celo, Ethereum, Filecoin, and more, and run your own devoted validator node, or stake your tokens to Blockdaemon’s validators. With over 250 institutional customers, Blockdaemon is trusted by the market’s leading networks, exchanges, business, custodians, developers, and funds including Trust Wallet, Coinfund, Algorand Foundation, Ledger, Slow Ventures, and BTC Markets.

CryptoNinjas” Blockdaemon groups with Finoa to provide staking services to institutions