https://techcrunch.com/2021/04/28/eu-based-digital-assets-platform-finoa-inks-22m-series-a-funding-led-by-balderton-capital/

Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random, or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many US or Asia-based operations.

Thus it is that Berlin-based digital asset custody and financial services platform