Tagged: nexo

Digital Asset Firm Nexo’s Dubai Entity Receives Initial Approval from VARA

Nexo, a digital assets institution, announced that its Dubai entity, Nexo Services FZE, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for Virtual Asset Lending & Borrowing, Management & Investment, and Broker-Dealer activities. This IA positions Nexo as one… Read More

Digital Assets Firm Nexo Partners with Online Security Provider Sift

Nexo, the institution for digital assets, announced a partnership with Sift, the firm focused on Digital Trust & Safety. By working with Sift, Nexo will be able to enhance its approach “to fraud prevention, enhancing security measures and ensuring a safer, smoother, quicker, and more… Read More

Nexo, the Digital Assets Institution, Joins International Association for Trusted Blockchain Applications

Nexo, the digital assets institution, is announcing its membership in the International Association for Trusted Blockchain Applications (INATBA). This strategic alliance marks “a major advancement in Nexo’s commitment to shaping the blockchain landscape, leveraging INATBA’s established ties with key public sectors in finance and regulation.”… Read More

Digital Asset Firm Nexo Strengthens Security and Transparency with CSA STAR Level 1 Certification

Nexo, the institution for digital assets, is advancing in cloud infrastructure security with the attainment of the Cloud Security Alliance’s Security, Trust & Assurance Registry (STAR) Level 1 Certification. Following the recent successful completion of the prestigious SOC 2 Type 2 audit and the 2019… Read More

Nexo Supports Digital Asset Transactions via Dual Mode Capability, Featuring Debit, Credit Transfers

Nexo, the institution for digital assets, is redefining daily crypto transactions by unveiling the world’s first Dual Mode capability featuring both debit and credit. This strategic enhancement will further enrich the capabilities and user experience of the pioneering Nexo Card, released in 2022 in partnership… Read More

Digital Assets: Nexo Joins Association of Certified Sanctions Specialists (ACSS), Committed to Ensuring Regulatory Compliance

Nexo, which claims to be among the world’s leading institutions for digital assets, in a pivotal move, has joined a vanguard of firms entering the Association of Certified Sanctions Specialists (ACSS), “demonstrating a stalwart commitment to global regulatory compliance.” Harnessing the expansive databases, meticulous training… Read More

Digital Asset Firm Nexo Completes Independent Type 2 SOC 2 Audit

Nexo, which claims to be the world’s leading digital assets institution, recently marked a significant milestone with the successful completion of its independent Type 2 SOC 2 audit. This step underlines Nexo‘s commitment “to delivering industry-leading client data security and ensures an elevated experience for… Read More

Nexo Hit with SEC Charges, Settles for $45 Million

Beleaguered crypto firm Nexo has had to pony up a $45 million penalty following charges filed by the Securities and Exchange Commission (SEC). Without admitting or denying the SEC’s findings, Nexo agreed to a cease-and-desist order. Nexo had previously announced its exit from the United… Read More

Nexo’s Offices Raided in Bulgaria, Four Individuals Charged in Allegations of Money Laundering

It has not been that long since Nexo decided to exit the US market, but in recent days the offices of Nexo have been raided in Bulgaria according to multiple reports. While based in London, Nexo is affiliated with a former member of the Bulgarian… Read More

Nexo Continues Expansion of European Compliance, Obtains Regulatory Approval in Poland

Nexo, which claims to be the “leading” regulated institution for digital assets, has announced its registration “with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.” This development in Poland “builds on the crypto-native FinTech’s longstanding effort to… Read More

Digital Asset Firm Nexo Acquires Stake in Chartered Bank – Summit National Bank

Nexo, a digital asset firm that describes itself as the “world’s leading regulated institution for digital assets,” has acquired an ownership stake in Hulett Bancorp (DBA Mode Eleven), the parent company of Summit National Bank. Summit National Bank is a federally chartered financial institution. Terms… Read More

NY AG Joins 7 Other States to Sue Digital Asset Platform Nexo

New York Attorney General Letitia James has sued Nexo, a large digital asset platform. James is joining 7 other states in pursuing the crypto firm. New Y0rk is being joined in the action by the following states: California, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Vermont…. Read More

Fear Spreads: BlockFi Says They Are Operating Normally, Nexo Looks to Acquire Some Celsius Assets

BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi… Read More

Nexo Introduces Card Backed by a Crypto Credit Line With Mastercard, DiPocket

Nexo, the regulated institution for digital assets, has launched the Nexo Card, a crypto-backed Mastercard card, “in select European markets.” For the launch, Nexo is partnering with Mastercard and DiPocket, giving its users “access to cryptocurrency-powered liquidity across 92M+ merchant sites worldwide.” The Nexo Card… Read More

Nexo, a Regulated Crypto-Assets Service Provider, Acquires Stake in Texture Capital Holdings Corp.

Nexo, one of the regulated institutions for crypto-assets, has reportedly acquired a stake in Texture Capital Holdings Corp., which is the parent firm of Financial Industry Regulatory Authority (FINRA) member and SEC-registered broker-dealer Texture Capital. As mentioned in an update shared with CI, this investment… Read More

Nexo to Integrate Cardano’s ADA

Digital assets firm Nexo has begun to integrate Cardano’s ADA into its full suite of financial services. The process begins with buy and sell services for ADA on the Nexo Exchange, yields of up to eight per cent interest, and the option to borrow against… Read More

Nexo Reports how Public Software Firm Became First to Add Ethereum to Balance Sheet, as Morgan Stanley Offers Bitcoin to Wealthy Clients

Nexo, a crypto lending platform and exchange, recently commented on how Morgan Stanley became the first major bank to offer Bitcoin (BTC) to its wealthy clients. The Nexo team also revealed how a public software firm now has $50 million worth of Ethereum (ETH) on… Read More

Antoni Trenchev from Nexo, which has Partnered with Ledger Vault, Reveals how he Accurately Predicted $50K Bitcoin Price

Ledger Vault has reportedly entered into agreement with Nexo in order to secure and protect clients’ funds. Ledger Vault aims to provide institutional-grade self-custody to Nexo. Through the partnership, which was announced on February 10, 2020, the companies will be focused on providing clients with… Read More

As Bitcoin Surges, Nexo’s AUM Top $4 Billion – Insurance Coverage Rises to $375 Million

Nexo, a crypto lending platform and exchange, says that assets under management have “surged” to more than $4 billion. The comments may come as no surprise as Bitcoin has rocketed to new highs as Tesla announced it had purchased $1.5 billion in BTC and expectations… Read More

Digital Asset Platform Nexo Introduces In-App Cryptocurrency Exchange Service

    Nexo, a UK-based regulated financial institution for digital assets, announced on Monday the launch of its in-app cryptocurrency service, Nexo Exchange. According to Nexo, the Nexo Exchange allows immediate, no-limits conversion between more than 75 crypto and fiat currency pairs directly within the Nexo… Read More

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