Introducing FinoaConnect: A Curated List of DeFi Platforms for Institutional Clients
Regulated institutions can now participate in DeFi lending pools and automated market making with the launch of FinoaConnect. This new service provides wallet integration for a curated list of permissioned DeFi and Web3 platforms, catering to Finoa’s 300-plus institutional clients.
Finoa founder Henrik Gebbing explained that the decision to build FinoaConnect on top of their existing custodial wallet infrastructure was driven by the need for enhanced security and transaction integrity. Unlike other wallet offerings, FinoaConnect ensures compliance with anti-money laundering (AML) measures. It only connects Finoa wallets to a filtered and curated selection of decentralized apps (d’apps) that meet institutional standards.
While Finoa did not disclose the specific platforms included in their curated list, examples of institution-friendly DeFi platforms include Aave Arc, Compound Treasury, and Maple Finance.
Hot Take: The Rise of Regulated DeFi
With the launch of FinoaConnect, regulated institutions are now able to access a curated list of DeFi platforms that comply with anti-money laundering measures. This move reflects the growing demand for institution-friendly DeFi solutions, where security and compliance are paramount. By providing wallet integration for a select group of decentralized apps, Finoa aims to bridge the gap between traditional finance and the world of decentralized finance. As institutional interest in DeFi continues to rise, platforms like FinoaConnect play a crucial role in unlocking the full potential of this emerging market.
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