" class="no-js "lang="en-US"> Finoa integrates Meta Pool enabling first in-custody liquid staking of $NEAR for institutional investors
Wednesday, February 01, 2023
Saltedge Report

Finoa integrates Meta Pool enabling first in-custody liquid staking of $NEAR for institutional investors

Finoa, the regulated crypto asset custodian, today announces its partnership with Meta Pool, the liquid staking solution for NEAR protocol. The partnership will allow institutions to accrue staking rewards while unlocking liquidity to participate in other DeFi activities. By integrating Meta Pool, Finoa will further promote the decentralization of the NEAR blockchain while still meeting the security requirements and capital efficiency sought by institutional investors.

Meta Pool is the leading liquid staking solution for $NEAR and wNEAR crypto tokens holders on NEAR Protocol and Aurora. Founded in August 2021, Meta Pool have created the most widely used liquid staking derivative, stNEAR, in the NEAR ecosystem. This partnership will expand Finoa’s offering to its institutional investors, enabling them to access more DeFi opportunities to generate additional returns on their investments.

Finoa provides curated access to exciting projects in the crypto ecosystem, enabling institutional investors and token holders to participate through its fully-regulated and secure platform. Its user-friendly staking experience ensures optimal capital efficiency for crypto-asset holdings, and detailed reporting tools help meet the compliance needs of enterprise-grade clients.

Commenting on the partnership, Co-Founder & Co-CEO Henrik Gebbing said: “We’ve been supporting the NEAR ecosystem since day one, and are excited to work with the Meta Pool team to further enable institutional participation, growth, and decentralization of the network.”

Claudio Cossio, Co-Founder of Meta Pool, adds “Liquid staking through custodial services will bring liquidity and security to NEAR. For institutional investors and high-net-worth individuals with specific needs, we know Finoa is delivering, and that’s why they are a key partner for us. ”

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