area2invest and Finoa have entered into a partnership agreement for the custody of tokenised assets in the form of security tokens.
The crypto custody solution of Finoa offers the highest security standards based on warm storage capable hardware security modules (HSM) and biometric two-factor authentication. In a first step, investors on area2invest can open a Finoa wallet for selected tokens directly during the subscription process.
Fully automated wallet opening on area2invest
In the future, investors on area2invest will be able to open wallets at Finoa and settle their tokenised products in a fully automated way – making complicated self-custody or renewed identification measures redundant. Investors can view their assets held in safe custody at Finoa directly on the area2invest portal as well as in their Finoa account.
“When designing and providing investment and financing processes for multi asset and product classes, the innovative use of technology is essential, and very few Fintech companies can offer the level of expertise that area2invest has. I am glad that our close partnership allows us to make a significant contribution together to disrupt the way of investing”.Henrik Gebbing, co-founder and managing director of Finoa.
“We are pleased to have Finoa as a renowned partner for completely digital financial services for tokenised securities and crypto assets, allowing us to provide the best possible custody service to our users and make investing even easier and more convenient for investors of all kinds”.Max J. Heinzle, CEO area2invest.
Finoa is a regulated custodian for Digital Assets, servicing professional investors with Custody and Staking. The platform enables its users to securely store and manage their crypto assets, while providing a directly accessible, highly intuitive and unique user-experience, enabling seamless access to the ecosystem of Decentralized Finance (DeFi). Finoa was founded in Berlin in 2018, is a qualified crypto-asset custodian (§64y Para. 1 KWG), and supervised by the German Federal Financial Supervisory Authority (BaFin).
area2invest is Europe’s first marketplace for securities and token issuances, linking natural and legal persons, non-professional and professional investors with issuers from different asset and product classes. On area2invest, investors have access to a 360-degree product portfolio. Via the “Online Shop for Financial Products” they invest 100% digitally, independently and free of charge. Issuers benefit from a one-stop solution from tokenisation to placement and distribution. With area2invest they expand their placement reach and power internationally through access to a broad investor network. As a tied agent of Bank Frick & Co. AG, the Fintech builds on its strong network of banks, brokers, asset and fund managers.
More about area2invest: www.area2invest.com.
Source: “area2invest and Finoa Partner to Deliver New Custody Services for Security Tokens.” The Tokenizer, https://thetokenizer.io/2020/09/22/area2invest-and-finoa-partner-to-deliver-new-custody-services-for-security-tokens/ .