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About Finoa Group
Finoa is a Berlin-founded institutional digital asset firm set up in 2019 offering regulated custody, staking and brokerage. It serves funds, banks and family offices that cannot run their own key management: assets sit in fully segregated wallets, withdrawals pass multi-signature and approval workflows, custody and staking are booked separately, and validators run through its Finoa Consensus Services across 12 L1 networks and more than 10 staking protocols. FinoaConnect brings a curated set of DeFi protocols into the custody wallet, letting institutions lend and make markets within a whitelist rather than touching permissionless contracts.
It sits between custody technology and licensed service: unlike Fireblocks selling tooling or Anchorage taking the US licensed route, Finoa started from a German regulatory footing and serves mostly European institutions. That footing has shifted to technology infrastructure, with Finoa Technical Services not acting as a CASP under MiCAR and not controlling client assets, so a licensed custody provider must be the client's own entity, which makes it read as a software vendor rather than a custodian in procurement.
In 2026 Finoa completed a change of role: Finoa GmbH formally returned its German crypto custody licence effective 31 December 2025, and the group no longer custodies client assets as a MiCAR crypto-asset service provider, instead licensing its custody, staking and prime brokerage technology to regulated banks and VASPs.
The new entity Finoa Markets received conditional approval for a VASP licence from the Cayman Islands Monetary Authority in 2026, allowing custody of stablecoins and other assets in regulated segregated accounts plus transfers with travel rule compliance, though it cannot offer regulated services until full authorisation. The group has raised about $39.5 million since 2019.
Finoa Group will sit on the tools side of the trade, swap technology licensing for the scale of licensed institutions, and use the Cayman entity to close compliance gaps in stablecoin custody and cross-border transfers.
Christopher May — Co-founder & Co-CEO; consulting background, formerly at McKinsey & Company.
Henrik Gebbing — Co-founder & Co-CEO; formerly at McKinsey & Company; co-founded the company in Berlin in 2018.
Finoa charges an annual custody fee in five tiers based on assets under custody: 40 bps (0.40%) up to EUR 1M, 35 bps (0.35%) from EUR 1M to 10M, 25 bps (0.25%) from EUR 10M to 25M, 20 bps (0.20%) from EUR 25M to 100M, and 15 bps (0.15%) above EUR 100M.
Finoa charges a transaction fee of EUR 1,000 per month covering 100 transactions, including deposits, withdrawals and staking transactions, plus an account fee of EUR 500 per user account per year.