Finoa integrates MATIC into its institutional custody product
The MATIC token joins the list of 185+ Finoa-supported tokens for regulated institutional custody. The addition of MATIC to the Finoa portfolio enables institutional investors to participate in the growth of the Polygon network and powers the further development of decentralized finance.
As an Ethereum full-stack scaling solution, Polygon effectively transforms Ethereum into a mature multi-chain system. The Polygon system has a modular framework (the Polygon SDK) which supports the building and connecting of both Layer 2 chains and sidechains.
Thanks to its fast and inexpensive transactions, Polygon’s ecosystem has grown to include DeFi protocols, Web3 games, and NFT platforms. The integration of Polygon with Finoa enables institutional investors to access this growing ecosystem in a safe and intuitive manner.
The MATIC token is extremely important, as it helps to secure the Polygon system and enables governance. Finoa’s Germany-based custody solution allows enterprises and individuals to get access to MATIC in a compliant and regulated way. Through its Polygon launch, Finoa is set to broaden the diversification opportunities for institutional investors looking to engage with digital assets.
Learn more about Finoa’s regulated product suite at Finoa.io.
Founded in 2018, Finoa is the gateway for institutional investors and corporations to interact with the crypto ecosystem. Finoa is the first Europe-based regulated crypto custodian offering custody, staking, and brokerage products for institutional investors to safely engage with crypto and grow their portfolio. In less than two years, Finoa has emerged as one of the leading digital asset platforms in Europe with several hundreds of B2B customers. Finoa is backed by €19 million in funding from Balderton Capital, Coparion, Venture Stars, Signature Ventures, and an undisclosed investor. Finoa was included in Sifted’s list of “Breakout Fintechs of 2021” and on CB Insights’ “Fintech 250” list.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.