Today German crypto-asset custodian Finoa announced it raised a $22 million Series A from Balderton Capital. Other participants include existing investors Coparion, Venture Stars and Signature Ventures.
The startup is a custodian regulated by Germany’s BaFin and targets institutional investors. Its solution also enables staking services.
“As they continue to witness exceptional growth, we look forward to teaming up with Finoa on their journey towards becoming a category-defining digital asset bank,” said Colin Hanna, Principal at Balderton Capital.
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