Finoa partners with Bankhaus Scheich
Today, we are announcing an extension of our partnership with Bankhaus Scheich, marking an important day for Finoa and our aspiration to become a one-stop shop for professional investors.
Together with Bankhaus Scheich, we will be giving investors and companies the opportunity to trade digital assets directly from within our secure and regulated custody environment. The extension of our collaboration brings us one step closer to being able to serve all the needs of institutional and professional investors who want to safely hold and manage their digital assets in one place without compromising on flexibility and accessibility:
“With Finoa, we have an agile and secure crypto custodian as our partner. In the area of custody of digital assets, especially in the BaFin regulated environment, we perceive Finoa as a technical innovation leader within the EU.” - Boris Ziganke, Member of the Board & COO of Bankhaus Scheich.
Trading and custody go hand in hand as institutional investors want to trade assets directly from safe custody (in-custody trading), without having exposure to several transactions and counterparty risks in different trading venues. With this partnership, we have been able to provide just that:
“The connection and provision of liquidity has always been the logical next step in our vision to provide institutional investors and companies with a custody and asset servicing solution. We are proud that with Bankhaus Scheich we have gained a partner who has proven its experience and expertise in the trading of financial instruments as one of the leading market makers on the Frankfurt Stock Exchange (FWB) in its more than 35-year successful corporate history.” - Henrik Gebbing, Finoa Co-Founder & Managing Director
Trading for Finoa’s clients is legally set up as a separate OTC offering under the tradias brand with Bankhaus Scheich. In the medium term, trading will be fully integrated into Finoa’s infrastructure enabling efficient execution with one counterparty across multiple trading venues, directly from Finoa’s digital asset account.