Crypto Custody Provider Finoa To Support Oasis Network’s Utility Token ROSE
FinTech firm Finoa has been selected by the Oasis Foundation to provide custody for ROSE – the utility token of the soon to launch Oasis Network.
Based in Berlin, Finoa is a regulated custodian for digital assets, servicing professional investors with custody and staking. Finoa’s platform enables its users to securely store and manage their crypto-assets, while providing a directly accessible, highly intuitive and unique user-experience, enabling seamless access to the ecosystem of Decentralized Finance (DeFi). Reference customers include the world’s most renowned Venture Capital firms, large corporations and financial institutions.
The Oasis Foundation is an organization supporting the development and ecosystem surrounding the Oasis Network, the first privacy-enabled blockchain platform for open finance and a responsible data economy. The Oasis Network is separated into two layers: the Consensus Layer and the ParaTime Layer. Its unique design allows Oasis Network to parallelize operations and scale each layer independently so as to create custom runtimes to support complex and specific use cases. ROSE, which will be used to facilitate transactions on the Oasis Network’s consensus layer, is designed to give users financial sovereignty and control of their data, and is expected to play a critical role in how various ecosystem partners interact with each other and how data is permissioned for usage or storage the network.
The partnership between the two companies will provide investors with a secure and regulated environment to safeguard, manage and stake their ROSE tokens. With Finoa’s support, ROSE token holders will be able to stake ROSE tokens directly from Finoa’s secure infrastructure, contribute to the Oasis network in a seamless, safe and secure way, and interact with other token holders in a trusted environment and support the further international growth of the network.
“We are delighted that Finoa, one of the leading institutional custodians, will be supporting custody, staking and delegation of ROSE at launch. With our partnership, we’re giving token holders a secure and regulatory compliant solution to safeguard their tokens and support the further international growth of the network,” said Jernej Kos, Director of the Oasis Foundation.
Finoa Co-Founder & Co-CEO Christopher May said that they have been working closely with the Oasis team over the last months and are thrilled to support the network by providing custody and staking support for ROSE.
“We have been very impressed by the team, company vision, and the unique design of the Oasis Network,” said May. “Its privacy first approach will be key to the further advancement of a responsible data economy and we are looking forward to actively participating in the growth of the network.”
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