Introduction to Finoa's services for builders in the Web3 ecosystem

In the rapidly evolving landscape of cryptocurrency and blockchain technology, startups are at the forefront of innovation, driving the transformation of traditional industries. However, navigating the complexities of digital asset management and compliance can be daunting. In the rapidly evolving landscape of Web3 companies, the management of finances within the crypto economy presents a unique set of challenges. Often, these companies find themselves struggling to establish robust operational frameworks for financial management. Unfortunately, this struggle can lead to instances of malpractice and insufficient treasury management practices.

In the absence of well-defined standards and expertise, many Web3 startups resort to basic financial management strategies that may not align with the complexities of the crypto landscape. As a result, they may inadvertently expose themselves to risks such as fund mismanagement, security breaches, and regulatory non-compliance. This highlights the critical need for comprehensive financial services tailored specifically to the needs of Web3 companies, ensuring they can navigate the intricacies of the crypto economy with confidence and integrity. This is where Finoa steps in, offering a comprehensive suite of services tailored to the needs of crypto startups and founders alike, providing peace of mind and ensuring that teams can focus on what matters: building and innovating.

At Finoa, we pride ourselves on being pioneers in crypto asset custody, treasury management, and validator infrastructure. Our mission is clear: to provide secure and compliant financial services that empower Web3 companies to thrive. Since 2018, we’ve been committed to supporting the growth and success of innovative crypto startups, setting a new standard in blockchain innovation support. 

Europe’s leading institutional qualified custodian

Finoa stands as Europe's leading institutional qualified custodian, fully regulated in Germany. We understand the paramount importance of regulatory compliance and security in the crypto space. That's why we hold three licenses and are regulated by the German Financial Supervisory Authority (BaFin) and Bundesbank as a "Qualified Custodian."

The advantages of working with a qualified custodian like Finoa are manifold:

  • Transparency: Our asset segregation practices and transparent record-keeping ensure accountability and verifiability on-chain.
  • Compliance: We adhere to stringent AML and KYC regulations, as well as information security and risk compliance frameworks, validated by annual full-scope external audits.
  • Strong governance controls: Robust governance structures and internal controls ensure a resilient organization focused on security and risk management.
  • Bankruptcy protection: Client assets are treated as Special Assets, segregated and exempt from Finoa's insolvency estate in the unlikely event of bankruptcy, providing peace of mind to our clients.You can read more about Finoa’s bankruptcy remoteness here.

Tailored treasury management for CFOs in the Web3 sector

CFOs in the Web3 sector face unique challenges, from managing treasury funds to executing efficient payment transactions. Finoa's services are designed to address these challenges head-on: 

  • Secure custody of treasury funds and a wide range of assets: Whether in stablecoins or native tokens, we ensure secure custody through our advanced digital asset management platform.
  • Advanced treasury management and globally unique access to yield on stablecoins: CFOs gain access to cutting-edge investment solutions like Anemoy tailored for the Web3 sector, optimizing their liquidity and yield strategies and ensuring capital efficiency for native assets and stablecoin treasuries.
  • Dedicated white-glove service: Our team of compliance, legal, and financial experts provide dedicated support for your operational needs. Whether it be supporting annual reporting, 3rd party audit requests, and bespoke statements, we empower our clients to prioritize their objectives without distraction.
  • Unique in-house node infrastructure capabilities: Via our staking subsidiary, Finoa Consensus Services, we can also offer all types of services related to node infrastructure provisioning, and are happy to engage and provide support from early devnets and testnets.
     

Network launch support: the Celestia case study

Preparing for mainnet launches and Token Generation Events (TGEs) is critical for new projects. Finoa's expertise extends beyond asset management to supporting projects through these pivotal events. The success story of Celestia illustrates our commitment to guiding projects through major milestones.

For any Web3 startup, Finoa offers tailored solutions to address the unique challenges of launching a new project. From testnet participation to custody and staking support at TGE, we provide comprehensive support from inception to execution. You can read more about that collaboration here. 

Connect with Finoa

Our dedicated team is ready to assist with both strategic and technical aspects, ensuring a seamless integration of our services with your project's operations. Reach out to us at hello@finoa.io or visit our contact page to discover how Finoa can support the growth and success of your project.

In conclusion, by providing secure and compliant financial services, we empower crypto startups to realize their vision and drive the future of decentralized finance. Join us in revolutionizing the world of blockchain technology and digital assets with Finoa.