December 19, 2024
TruFin has announced a strategic partnership with Finoa, a leading provider of digital asset custody and financial services, to advance institutional-grade liquid staking solutions for the NEAR Protocol ecosystem.
TruFin develops innovative Web3 primitives, focusing on liquid staking solutions that prioritize risk management, compliance, and secure on-chain rewards. With over $260 million in Total Value Locked (TVL) across its products, TruFin is recognized as a trusted provider of sophisticated digital asset strategies. All solutions are designed to meet stringent compliance standards, including KYC and AML processes, ensuring security and trust for institutional clients.
Finoa’s Consensus Service will expand the set of NEAR validators available within TruFin’s ecosystem, offering access to high-performance, secure node infrastructure. This integration ensures that users benefit from maximized yields on their assets while leveraging institutional-grade infrastructure.
TruFin’s liquid staking solutions enable institutional clients to achieve enhanced capital efficiency by staking assets while retaining liquidity through derivative tokens. This functionality allows participation in staking rewards while simultaneously engaging in other market opportunities. To complement this offering, Finoa provides secure custody services for the derivative receipt tokens, ensuring these assets are stored in a highly secure, regulated environment.
This collaboration represents a significant advancement in creating a secure and efficient pathway for institutional engagement in staking. By combining TruFin’s expertise in liquid staking solutions with Finoa’s robust infrastructure and custody services, the partnership sets a new standard for institutional-grade staking on the NEAR ecosystem.
For more information on TruFin’s liquid staking solutions or to get started, visit TruFin’s website.
About TruFin
The TruFin Protocol builds institutional-grade Web3 primitives, such as liquid staking, that can be used as the foundational building blocks for digital asset strategies to reduce risk, generate rewards, securely on-chain.