Finoa, a Germany-based fintech, announced on Tuesday it is teaming up with Oasis Network to provide custody for the network’s ROSE toke at mainnet launch. According to Finoa, ROSE is designed to give users financial sovereignty and control of their data and is expected to play a critical role in how various ecosystem partners interact with each other and how data is permission for usage or storage the network.
Finoa also reported that in addition to custody, ROSE token holders will also be able to stake their allocations directly from the Finoa secure infrastructure, providing a unique opportunity for token holders to contribute to the network in a seamless, safe and secure way. Speaking about the partnership, Finoa Co-Founder and Co-CEO, Christopher May, revealed:
“We have been working closely with the Oasis team over the last months and are thrilled to support the network by providing custody and staking support for ROSE. We have been very impressed by the team, company vision, and the unique design of the Oasis Network. Its privacy first approach will be key to the further advancement of a responsible data economy and we are looking forward to actively participating in the growth of the network.”
Jernej Kos, Director of the Oasis Foundation, concluded:
“With our partnership, we’re giving token holders a secure and regulatory compliant solution to safeguard their tokens and support the further international growth of the network.”
Founded in 2018, Finoa stated it is dedicated to helping its clients to manage their digital assets. Its mission is also to help institutional investors “unlock the full potential” of this new asset class by using its distinctive expertise and technology.
“Finoa developed the world’s first fully digital (warm-storage) custody and asset-servicing solution built on a crypto-native banking infrastructure combining maximum user-friendliness with the highest military-grade security levels available in the market.”