Finoa is adding MATIC to its list of supported tokens for its regulated institutional custody solution. The integration will enable institutional investments into the Polygon network, which, in turn, will power the future development of decentralized finance.
As an Ethereum full-stack scaling solution, Polygon effectively transforms Ethereum into a mature multi-chain system. One of the key roles of Polygon is to bring structure to the organic growth of the Ethereum ecosystem and to provide a framework for expanding it at speed.
Currently, the system’s modular framework (the Polygon SDK) supports the building and connecting of secured chains, as well as standalone chains.
Thanks to its fast and inexpensive transactions, Polygon’s ecosystem has grown to include DeFi protocols, web 3.0 games, and NFT platforms. The integration of Polygon with Finoa enables institutional investors to access this growing ecosystem safely and intuitively, by holding MATIC in their Finoa account.
The role of the MATIC token is extremely important, as it helps to secure the system and it enables governance. Finoa’s Germany-based custody solution allows enterprises and individuals to get access to MATIC in a compliant and regulated way. Through its Polygon launch, Finoa is set to broaden the diversification opportunities for institutional investors looking to engage with digital assets. You can learn more about Finoa’s regulated product suite at Finoa.io.
Going forward, Polygon is looking to offer a number of auxiliary solutions, which will extend the functionality of its SDK and improve developer experience. Among others, these include inter-chain messaging protocols, shared security services, app-specific modules, as well as enterprise and premium products.
Founded in 2018, Finoa is the gateway for institutional investors and corporations to interact with the crypto ecosystem. Finoa is the first Europe-based regulated crypto custodian offering custody, staking, and brokerage products for institutional investors to safely engage with crypto and grow their portfolio. In less than two years, Finoa has emerged as one of the leading digital asset platforms in Europe with several hundreds of B2B customers. Finoa is backed by €19 million in funding from Balderton Capital, Coparion, Venture Stars, Signature Ventures, and an undisclosed investor. Finoa was included in Sifted’s list of “Breakout Fintechs of 2021” and on CB Insights’ “Fintech 250” list.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.