Finoa and Bankhaus Scheich: Enabling fully regulated trading of digital assets

Finoa and Bankhaus Scheich: Enabling fully regulated trading of digital assets

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:

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 transaction and counterparty risks in different trading venues. With this partnership, we have been able to provide just that:

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.

About Finoa

Your Key to Digital Asset Banking — Finoa provides custody and asset-servicing solutions for Digital Assets, customized to professional investors. The custody platform enables its users to securely store and manage their cryptographic tokens, while providing a directly accessible, highly intuitive and unique user-experience. Finoa was founded in 2018, is based in Berlin, is granted a crypto-asset custody license approval as qualified custodian (§64y Para. 1 KWG) and will be supervised by the German Federal Financial Supervisory Authority (BaFin).

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