Cryptocurrency custodian Finoa has obtained approval for three licenses, including custody, from the Federal Financial Supervisory Authority of Germany

ChainCatcher news, cryptocurrency custodian Finoa has received three license approvals from the Federal Financial Supervisory Authority (BaFin) of Germany, including custody license approval, broker-dealer license approval, and proprietary trading license approval.

In addition, Finoa has completed a strategic venture capital investment led by new investor Middlegame Ventures, with existing investors including Balderton Capital, Coparion, Venture Stars, and Signature Ventures. Finoa has not disclosed the specific amount of financing.

It is reported that Finoa completed a $22 million Series A financing in 2021, led by Balderton Capital. (CoinDesk)