Blockdaemon, a blockchain infrastructure platform for node management, today announced that it has partnered with Finoa, an institutional-grade asset-based custody and asset solution solution for investors in digital assets, to bring secure staking services to institutional players.
As part of this partnership, Blockdaemon will provide extensive staking services to Finoa’s network of institutional clients, with support provided for large test-of-stake protocols including Polkadot, Tezos, Cosmos, and Ethereum 2.0.
This development will significantly streamline the process of looking for organizations, with live monitoring and metrics tools, APIs, and backup systems reducing the risk of downtime, and a highly adaptable infrastructure that allows clients either run their own dedicated validator node, or stake. tickets to Blockdaemon validators.
“2020 has seen unprecedented levels of institutional adoption of cryptocurrencies. Our partnership with Finoa is testament to the growing interest in crypto assets from key institutional players. We are excited to welcome this new category to the blockchain ecosystem, and Finoa has integrated us into a catapult of emerging technology into a new and exciting period of growth. Although managing staking services can be complex, time-consuming and costly, we are happy to be working with leading rangers to streamline the process. “
– Konstantin Richter, CEO of Blockdaemon
Finoa enables institutional investors to safely enter the digital asset ecosystem. With a highly intuitive user interface, Finoa provides custody and panning services to some of the world’s most famous venture capital firms, multinational corporations, and financial institutions. The crypto keeper from Berlin is regulated by the German Federal Financial Supervision Authority (BaFin) and has a preliminary crypto-assets license, providing a reliable custody solution for investors.
Blockdaemon supports the longevity of blockchain networks by streamlining the capture and deployment of nodes. Users who want to interact with public networks, permission-based, and staking can connect to 30+ protocols through the Blockdaemon Marketplace including Bitcoin, Polkadot, Cosmos, Celo, Ethereum, Filecoin, and more, and run your own dedicated authenticator node , or stake your tickets to Blockdaemon verifiers. With over 250 institutional customers, Blockdaemon is trusted by industry leading networks, exchanges, enterprises, custodians, developers and funds including Trust Wallet, Coinfund, Algorand Foundation, Ledger, Slow Ventures, and BTC Markets.