Finoa provides crypto-asset custody to Blockchain infrastructure services

Finoa and major German IT services provider T-Systems Multimedia Solutions (MMS)

cooperate on custody, settlement and security infrastructure of crypto-assets.

  • As announced in July this year, T-Systems MMS started providing public blockchain infrastructure by operating a Chainlink node as a part of its broader Web3  infrastructure push
  • Berlin FinTech Finoa provides the regulated custody and settlement services, safeguarding T-Systems’ crypto-asset transactions
  • T-Systems MMS and Finoa are currently expanding the collaboration to additional Blockchain protocols and services

The globally renowned IT-infrastructure provider T-Systems Multimedia
Solutions GmbH, a 100% subsidiary of T-Systems International GmbH and part of the German DAX-30 telecommunication enterprise Deutsche Telekom AG, recently entered into the Blockchain Node- and Staking-as-a-Service business, providing infrastructure services for decentralized networks. This provides the token holders in these protocols with the ability to actively participate in these networks as well as exposure to various generalized mining opportunities in areas like Decentralized Finance (DeFi).

Berlin-based FinTech Finoa provides the custody and settlement services, ensuring highest financial
security standards and a regulated counterparty to T-System’s crypto-asset transactions. Finoa’s
collaboration with Frankfurt Stock Exchange securities specialist Bankhaus Scheich, which was
announced and widely received in August this year, allows for a secure bridge between fiat and cryptoassets.

Both parties currently work on the expansion of their individual services to additional Blockchain
protocols, indicating an intensification of the collaboration and the provided services to Finoa’s and T-Systems’ customers over the next months.

"Being a corporate, dealing with novel blockchain-based business models utilizing digital assets has been a structural challenge for us. With Finoa’s support as a regulated crypto-asset custodian and Bankhaus Scheich as a broker, our team managed to securely store and trade digital assets in a compliant way, allowing us to bridge the fiat and the digital asset universe. We see this partnership with Finoa and synergies when it comes to professional and secure IT Infrastructure services in areas such as staking and generalized mining as an important step in professionalizing digital asset industry." – Dr. Andreas Dittrich, Head of Blockchain Solutions Center at T-Systems Multimedia Solutions

"We are incredibly excited to welcome such a renowned high-tech player as T-Systems to our customer and partner base – for Finoa the partnership is a vital step towards strengthening our leading European positioning. Adding one of the world’s most trusted corporations into our network, the joint offering is bringing direct benefits to our users. In general, actively observing T-Systems entering into the  Blockchain network ecosystem is a very bullish signal for the overall market. Andreas and his team here
are the pioneers of mainstream adoption of decentralized networks amongst global corporations”– Finoa Co-Founder & Co-CEO Christopher May

About Finoa
Your Key to Digital Asset Banking - Finoa is a regulated custodian for Digital Assets, servicing
professional investors with Custody and Staking. The platform enables its users to securely store and
manage their crypto-assets, while providing a directly accessible, highly intuitive and unique userexperience, enabling seamless access to the ecosystem of Decentralized Finance (DeFi). Reference customers include the world’s most renowned Venture Capital firms, large corporations and financial institutions. Finoa was founded in Berlin in 2018, is a qualified crypto-asset custodian (§64y Para. 1 KWG) and supervised by the German Federal Financial Supervisory Authority (BaFin).

For further information:

>Click here for more information about German Blockchain Ecosystem

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