According to the World Economic Forum (WEF), by 2027 around 10 per cent of the world’s GDP will be transacted and stored on blockchain, which represents a USD24 trillion opportunity window for the digital asset space. Finoa believes this will be one of the biggest disruptions for the financial sector in recent decades, as it will boost asset-liquidity and market efficiencies. However, safeguarding digital assets (and the cryptographic keys, inherent in this technology) remains a daunting task for many institutional investors, who often rely on sub- optimal third-party providers, due to the scarcity of enterprise-ready solutions. To mitigate the risks, some providers offer so-called "Deep-Cold-Storage", storing the cryptographic keys and in an offline-environment.
“Cold-storage custody providers are killing the ‘digital’ in digital assets – it is anything but disruptive,” says Finoa Co-Founder Henrik Gebbing.
Finoa has created an institutional-grade custody solution operating in an online-environment, all of it built over state-of-the-art banking standards. Finoa’s Custody provides a seamless interface that improves the client ́s safeguarding and control of their Digital Asset portfolio: a fully Mobile and Digital application built on high- security banking technology.
Maximum security and compliance are guaranteed by combining a blockchain-adapted core banking system with the "gold-standard" of hardware security modules (HSMs), designed and manufactured in Germany. Real-time asset access is provided through a combination of an eBanking-interface and a smartphone-managed control mechanism – ensuring full user-friendliness.