Crypto custodian Finoa has received three license approvals from German financial regulator BaFin, including custody approval, broker-dealer and proprietary trading licenses, which allows the company to trade with its own funds.
In addition, crypto custody agency Finoa completed strategic financing, led by Middlegame Ventures, with participation from Balderton Capital, Coparion, Venture Stars and Signature Ventures. The investment scale was not disclosed. Finoa completed a $22 million Series A financing in 2021. Regarding the undisclosed amount of this new funding, Finoa co-founder Chris May said this was not a major Series B financing. (CoinDesk)
