Cryptocurrency

Finoa Adds Support For NEAR Protocol Token Staking And Storage On Network

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Working as a globally-acclaimed investor-grade custody and asset -servicing provider for digital assets, Finoa has announced its strategic collaboration with NEAR Foundation. The integration between the two renowned platforms has led Finoa to add support for the storage and staking of one of the best in-class protocols, NEAR Protocol tokens on its network. 

As per the blog post, Finoa’s partnership with NEAR Protocol is an attempt to further its core objective of strengthening its operations and functionalities. The platform aspires to enrich the users with a highly productive and inducive range of decentralized solutions that have the potential to protect and manage a wide range of digital assets available on the network. Thus, the Finoa network has always been a keen supporter of new, secured, and robust protocol systems. 

Christopher May quoted, co-founder and co-CEO, Finoa system,

Christopher May quoted

The report affirmed that Finoa will support custody and staking of the NEAR tokens post the launch of the protocol on the network for all the existing and new asset holders. The traders will enjoy access to Finoa’s HSM-based warm-storage solution allowing them to secure and manage their native tokens within a regulatory compliant system. The support from leading validators will help Finoa to allow its users in staking. This will allow users to earn some extra income apart from the rewards pooled for their superb contributions to the NEAR network. 

Erik Trautman stated, CEO, NEAR Foundation.

Erik Trautman stated

On August 13, Finoa will organize a chatting session with Erik Trautman and Christopher May to discuss about the partnership with NEAR Protocol and the process of acquiring NEAR tokens. The event will begin from 1:30 PM EST for all the crypto lovers. 

Established in 2018, Finoa is a leading name in the digital asset banking sector. It allows users to store and manage their crypto holdings in a secured, intuitive, accessible, and user-friendly interface. Based in Berlin, Finoa has a crypto-asset custody license approval as a qualified custodian. It is supervised by the German Federal Financial Supervisory Authority (BaFin). NEAR Protocol is one of the most trusted protocol networks available presently. It boasts of a strong investor support from leading firms like a16z, Pantera, Electric Capital, Accomplice, and Multicoin Capital. The partnership will help in the expansion of both the participating entities in the crypto industry. 

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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