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Nexo Expands Institutional Access To Cryptocurrency With Fidelity Digital Asset Collaboration

December 7, 2021 - Around 3 mins mins to read
Nexo expands institutional access to cryptocurrencies with Fidelity Digital Assets Collaboration

  • The collaboration with Fidelity Digital AssetsSM will enable Nexo to build an institutional platform for the storage of digital assets and to further improve its security infrastructure.
  • Together, the two will examine the range of innovative products and tripartite loan agreements for institutional investors.

LONDON 7th December 2021 – Nexo, the leading regulated digital asset institute, today announced a partnership with Fidelity Electronic AssetsSM, a leading institutional provider of centralized execution and custody services, to revolutionize institutional access to digital asset custody services, including the introduction of innovative sports-oriented products.

Nexo, a pioneer in crypto-secured lending, and Fidelity Digital Assets as custodian and collateral agent, will develop a full suite of products and compliance infrastructure for institutional investors seeking exposure to digital assets.

As a first step, the partnership with Fidelity Electronic Property will expand Nexo’s service capacities and enhance its growing portfolio of assets under management and provide an additional layer of custody to the infrastructure.

This latest development enables institutional investors currently depositing their digital assets with Fidelity Electronic Belongings to access Nexo products and state-of-the-art crypto brokerage under one roof. As a result, institutional clients benefit from a tripartite structure that combines Nexo’s music rental solutions with market-leading asset protection from Fidelity Digital Property.

Kalin Metodijew, Financial Analyst, Co-Founder and Managing Partner at Nexo, said, “The collaboration with Fidelity Digital Belongings is the latest milestone in our quest to provide a complete institutional platform to regulate traditional financial firms and integrate them into the digital asset ecosystem. “Our customer base will now have unrestricted access to our industry-leading credit and transactional products while relying on Fidelity Digital Property’s private custody and security solutions.”

Christopher Tyrer, Head of Fidelity Digital Assets, Europe, said: “Together with Nexo, we are realizing the opportunity to provide investors with a more seamless and powerful experience through partnerships like this one. “We see a growing interest from institutions in the European market in digital assets and we strive to implement sophisticated solutions that match those of other types of assets. We are pleased that our best security expertise and operational controls will be extended to Nexo customer assets and that the ability of Fidelity Electronic Asset customers’ ability to access Nexo loan solutions will help us create a richer experience to cater to the changing demands of customers. “

About Nexo

Nexo is the world’s leading regulated digital asset organization. The company’s mission is to maximize the value and utility of cryptocurrencies by providing tax efficient Instant Crypto Credits ™ lines, highly profitable cryptocurrency interest rates, exchange services for instant and sophisticated trading and OTC capabilities while maintaining military security – and surveillance coverage from Nexo Wallet offers leading service. Nexo has processed over $ 50 billion for more than 2,500,000 users in more than 200 jurisdictions. Visit nexo.io to learn more.

About FidelitySM Digital Assets

Fidelity Electronic AssetsSM offers a full-service, enterprise-class platform for security, trading and support of digital assets. As part of Fidelity Investments, one of the world’s largest and most diversified financial services providers, Fidelity Electronic Belongings combines the operational and technical capabilities of the broader Fidelity organization with blockchain expertise to offer institutional investors a completely new product. Learn more at http://fidelitydigitalassets.com.

Author

CoinX

Market

Nexo Expands Institutional Access To Cryptocurrency With Fidelity Digital Asset Collaboration

Nexo expands institutional access to cryptocurrencies with Fidelity Digital Assets Collaboration

  • The collaboration with Fidelity Digital AssetsSM will enable Nexo to build an institutional platform for the storage of digital assets and to further improve its security infrastructure.
  • Together, the two will examine the range of innovative products and tripartite loan agreements for institutional investors.

LONDON 7th December 2021 – Nexo, the leading regulated digital asset institute, today announced a partnership with Fidelity Electronic AssetsSM, a leading institutional provider of centralized execution and custody services, to revolutionize institutional access to digital asset custody services, including the introduction of innovative sports-oriented products.

Nexo, a pioneer in crypto-secured lending, and Fidelity Digital Assets as custodian and collateral agent, will develop a full suite of products and compliance infrastructure for institutional investors seeking exposure to digital assets.

As a first step, the partnership with Fidelity Electronic Property will expand Nexo’s service capacities and enhance its growing portfolio of assets under management and provide an additional layer of custody to the infrastructure.

This latest development enables institutional investors currently depositing their digital assets with Fidelity Electronic Belongings to access Nexo products and state-of-the-art crypto brokerage under one roof. As a result, institutional clients benefit from a tripartite structure that combines Nexo’s music rental solutions with market-leading asset protection from Fidelity Digital Property.

Kalin Metodijew, Financial Analyst, Co-Founder and Managing Partner at Nexo, said, “The collaboration with Fidelity Digital Belongings is the latest milestone in our quest to provide a complete institutional platform to regulate traditional financial firms and integrate them into the digital asset ecosystem. “Our customer base will now have unrestricted access to our industry-leading credit and transactional products while relying on Fidelity Digital Property’s private custody and security solutions.”

Christopher Tyrer, Head of Fidelity Digital Assets, Europe, said: “Together with Nexo, we are realizing the opportunity to provide investors with a more seamless and powerful experience through partnerships like this one. “We see a growing interest from institutions in the European market in digital assets and we strive to implement sophisticated solutions that match those of other types of assets. We are pleased that our best security expertise and operational controls will be extended to Nexo customer assets and that the ability of Fidelity Electronic Asset customers’ ability to access Nexo loan solutions will help us create a richer experience to cater to the changing demands of customers. “

About Nexo

Nexo is the world’s leading regulated digital asset organization. The company’s mission is to maximize the value and utility of cryptocurrencies by providing tax efficient Instant Crypto Credits ™ lines, highly profitable cryptocurrency interest rates, exchange services for instant and sophisticated trading and OTC capabilities while maintaining military security – and surveillance coverage from Nexo Wallet offers leading service. Nexo has processed over $ 50 billion for more than 2,500,000 users in more than 200 jurisdictions. Visit nexo.io to learn more.

About FidelitySM Digital Assets

Fidelity Electronic AssetsSM offers a full-service, enterprise-class platform for security, trading and support of digital assets. As part of Fidelity Investments, one of the world’s largest and most diversified financial services providers, Fidelity Electronic Belongings combines the operational and technical capabilities of the broader Fidelity organization with blockchain expertise to offer institutional investors a completely new product. Learn more at http://fidelitydigitalassets.com.

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