Finoa

Company profile

Established in Berlin in 2018, Finoa is a regulated crypto-asset custodian supervised by the German Federal Financial Supervisory Authority (BaFin). Their platform facilitates secure storage and management of crypto-assets, delivering a unique and intuitive user experience for seamless on-chain participation. Notable clients include renowned venture capital firms, large corporations, and financial institutions.

Finoa and Chorus One have been working together closely for a long time, aiming to extend enterprise-grade staking services for MINA, ROSE, NEAR, SKALE, and TIA, to their diverse institutional clientele.

The challenge

As a digital asset platform committed to meeting institutional needs, Finoa aimed to broaden its range of services. Beyond secure storage, their foremost objective was to enable their institutional clients to participate in the networks that they cared for, whilst earning rewards by doing so. Recognizing staking as the safest and simplest reward feature in crypto, Finoa opted to integrate staking into its service lineup.

To accomplish this goal, Finoa sought a partner with profound expertise in major Proof-of-Stake networks, capable of onboarding all major networks as quickly as possible.

The solution

To address their requirements, Finoa partnered with Chorus One, utilizing our white-label solution to extend staking services to their institutional clients. While Finoa had the capability to offer staking independently, their goal was to enable institutional-grade staking participation across a wide range of networks as quickly as possible. With support for nearly 50 networks, rapid onboarding time, and consistent in-depth research, Finoa chose Chorus One as their staking partner.

Chorus One's white-label solution empowers institutions to operate and brand their own nodes, relieving them of maintenance responsibilities. We manage the backend, maintenance, and infrastructure 24*7, reducing operational costs and ensuring their customers' nodes are handled by seasoned staking professionals.

Why Finoa works with Chorus One

Finoa, committed to providing user-friendly, enterprise-grade solutions with top-tier security, collaborates with Chorus One to offer a native staking solution to their institutional customers. This allows users to earn rewards while contributing to network decentralization, leveraging the inherent benefits of blockchain native currency inflation and a share of transaction fees.

Moreover, Finoa and its customers enjoy the following advantages of Chorus One’s whitelabel solution:

Finoa efficiently integrated Chorus One’s whitelabel infrastructure in less than 48 hours. With a swift implementation, staking seamlessly became a part of their offerings, providing an effortless experience under our team's expert care.

Finoa is able to provide enterprise-grade Staking-as-a-Service solutions to its 300+ institutional customers using Chorus One’s comprehensive infrastructure and operational support.

Chorus One is also one of the few providers to produce in-depth analyses of both the networks we actively engage with as well as upcoming projects throughout the year, which positions us well to support Finoa in seamlessly integrating any network they wish to add to their platform.

With Chorus One being ISO 27001:2022 compliant, Finoa is assured that Chorus One upholds the highest security measures while managing customer assets and data. 

In fact, Chorus One stands out as one of the very few node operators globally that are fully ISO compliant—a testament to our commitment to world-class security measures.

Benefiting from Chorus One’s safety-first approach and ZERO slashing instances, Finoa maintains confidence in the utmost security of their customers' staked assets.