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<h2 style="text-align: center;" id="strong-berlin-based-cryptocurrency-custody-firm-strong">Berlin-based cryptocurrency custody firm</h2> 
Finoa, is making waves in the decentralized finance (DeFi) sector with the launch of FinoaConnect. This innovative wallet integration provides the firm’s 300-plus institutional clients with access to a curated list of permissioned DeFi and Web3 platforms. 
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<h2 class="western" style="text-align: center;" id="strong-expanding-beyond-traditional-services-strong">Expanding Beyond Traditional Services</h2> 
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<a href="https://www.finoa.io/" rel="noopener noreferrer nofollow">Finoa</a> is extending its range of brokerage and crypto staking services to include easy access to a regulatory-compliant form of DeFi via the firm’s custodial wallet infrastructure. This move is part of Finoa’s efforts to expand its offering beyond traditional custody services. 
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<h2 class="western" style="text-align: center;" id="strong-regulatory-compliance-and-security-strong">Regulatory Compliance and Security</h2> 
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Having attained license approvals from German financial regulator BaFin earlier this year, Finoa is now offering its institutional clients a wallet integration with a curated list of permissioned DeFi platforms. Web3 applications, and blockchain governance scenarios. 
Regulated institutions can get involved with <a href="https://walletinvestor.com/magazinadmin/connecting-defi-with-forex-for-global-financial-inclusion/" rel="noopener noreferrer nofollow">DeFi</a> lending pools and automated market making, but they have to know who they are trading with. This has led to the emergence of a more buttoned-up breed of DeFi. With added anti-money laundering (AML) measures such as built-in digital identity, or whitelisting of lending counterparties. 
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<blockquote class="twitter-tweet"> 
 Today, Finoa is excited to announce the launch of FinoaConnect, a proprietary wallet connector built to facilitate institutional on-chain participation! 
 Read the full announcement here: <a href="https://t.co/BddkQJdhEF" rel="noopener noreferrer nofollow">https://t.co/BddkQJdhEF</a> 
 — Finoa (@Finoa_io) <a href="https://twitter.com/Finoa_io/status/1701490829045465457?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2023</a> 
</blockquote> 
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<h2 class="western" style="text-align: center;" id="strong-meeting-demand-for-decentralized-apps-strong">Meeting Demand for Decentralized Apps</h2> 
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In recent months, Finoa has received a good deal of inbound demand to enable decentralized apps in web 3 apps in its custodial wallets. Finoa founder Henrik Gebbing said in an interview that having looked at various off-the-shelf wallet offerings, these didn’t reflect the security and transaction integrity of Finoa’s custodial wallet infrastructure, built up over the past five years. In the end it made sense to build FinoaConnect on top of the existing proprietary tech. 
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“An important differentiator is what we as a regulated custodian can and cannot do,” Gebbing said. “What you will not find, for example, is that we just connect Finoa wallets to any kind of decentralized app out there, permissionless DeFi and whatnot. It’s really a filtered, curated set of d’apps that you can work with.” 
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While Finoa did not disclose its curated list of web3 platforms. Examples of institution-friendly DeFi include things like Aave Arc, Compound Treasury and offerings like Maple Finance. 
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With the launch of FinoaConnect, Finoa is poised to revolutionize how institutional clients interact with DeFi and Web3 platforms. This development marks an exciting new chapter in the evolution of decentralized finance.

FinoaConnect: Revolutionizing DeFi for Institutions

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