Digital asset banking platform Finoa announced on Monday that it has partnered with European digital securities’ marketplace area2invest, to help it provide efficient custodial services for tokenized securities and crypto assets. In the official tweet, Finoa said that it would provide automated and secure custody on securitized and tokenized assets.
We're thrilled to announce that we are partnering with @area2invest to provide fully automated and secure custody of securitized and tokenized assets!
— Finoa (@Finoa_Banking) September 21, 2020
Finoa is one of the emerging names in the DeFi segment, backed by tech veterans from the banking sector and digital asset experts. Based in Berlin, Germany, it has collaborated with some of the biggest names in the crypto-blockchain industry, like Polkadot, Tezos, CashLink, and Polymath.
Commenting on their partnership with area2invest, co-founder and Managing Director of Finoa, Henrik Gebbing, said that innovative use of technology is essential for investment and financing processes for multi-asset classes. He further added that area2invest has better expertise than most FinTech companies in providing technology for finance and investment in this space. On the other hand, area2invest CEO Max Heinzle said,
Europe is one of the major markets for the DeFi segment, and area2invest is eager to capitalize on the growing opportunities. It holds a unique position as a marketplace for digital assets and securities, linking all kinds of investors with issuers of digital investment products. Area2invest has a strong network of fund managers, brokers, and banks, and is also an agent of Bank Frick & Co. AG.