Articles from Nexo

Nexo, the premier digital asset platform with $11 billion in assets under management, today announced its acquisition of Buenbit, one of Latin America’s most trusted and fastest-growing crypto platforms. This strategic transaction marks a milestone in Nexo’s global scaling, uniting the company’s advanced liquidity infrastructure and high-yield products with Buenbit’s deep local expertise and strong customer base.

Nexo, the premier digital assets wealth platform, has signed a three-year landmark partnership with the DP World Tour, becoming an Official Marketing Partner and the Tour’s Official Digital Wealth Platform through 2027. This agreement marks the first-ever multi-year partnership between a digital assets company and a major global golf tour — a historic convergence of crypto and golf — reflecting both organizations’ shared commitment to performance, innovation, and a global outlook.

Nexo, the leading digital assets wealth platform, has entered the world of elite sports partnerships in collaboration with the Abierto Mexicano Telcel presentado por HSBC (Acapulco Tennis Open). Aligning with one of the most prestigious ATP 500 tournaments, Nexo strengthens its presence in Latin America and reinforces its commitment to innovation and long-term growth in the region.

Nexo, a premier digital assets wealth platform, announces the launch of the industry's first Personal USD Accounts, bringing clients in over 150 countries a seamless and familiar way to access USD bank transfers directly to and from their accounts, all in their name. Nexo now uniquely offers USD, EUR, and GBP accounts in clients’ names providing personal multi-currency management in one platform — a service unmatched in the industry.

20+ leading crypto organizations including BTC Inc, Bitget, Brink, Chainalysis, Hacken, Nansen, and Unstoppable Domains have come together for the 'Bitcoin Deserves an Emoji' movement, initiated by Nexo. Uniting the global crypto community, the initiative aims to introduce a Bitcoin emoji to any digital keyboard and emphasize cryptocurrency's triple identity as money, technology, and culture in today’s society.

Nexo AG and its subsidiaries have filed an over $3 billion ICSID arbitration claim against the Republic of Bulgaria for damages and lost opportunities caused by the country’s wrongful and politically motivated actions against the company and its executives, involving unjustified and oppressive criminal investigations, subsequently dismissed for lack of merit. Nexo AG and its subsidiaries are being represented by the U.S. law firm Pillsbury Winthrop Shaw Pittman LLP, and the claim is submitted at the Secretariat of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC.

Nexo has reached a final landmark resolution with the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), consisting of all 50 U.S. States and three territories, the Attorney General of New York, the Texas Department of Banking, the Washington Consumers Services Division and the Alaska Division of Banking and Securities.

Nexo, the world’s leading regulated institution for digital assets with $4 billion in assets under management, announces the acquisition of a stake in Hulett Bancorp (DBA Mode Eleven) and its federally chartered Summit National Bank, in an industry-changing transaction that expands Nexo’s footprint in the US even further and will greatly enhance both institutions’ respective offerings.

Nexo, the leading regulated institution for digital assets, has today launched Nexo Pro, the first global trading platform to offer retail clients access to institutional-grade aggregated liquidity, with no minimum funding requirements and at near zero cost. Nexo Pro provides its customers with advanced spot, margin, and futures trading functionalities with near-zero slippage. The product has been rolled out to all five million Nexo clients with an up to 50% discount on standard fees. In the months to come new trading incentives will provide additional benefits for existing and prospective NEXO Token holders.

Nexo’s Board of Directors has today allocated a further $50 million to the company’s long-standing Buyback initiative. This approval enables the leading regulated digital assets institution to discretionally and periodically repurchase its native NEXO Token in the open market. This development comes as a continuation of the previous $100 million Buyback which Nexo completed earlier this year, in May.

Nexo, the leading regulated institution for digital assets, today announced its collaboration with Fidelity Digital AssetsSM, a leading institutional focused execution and custody services platform provider, to revolutionize institutional access to digital assets by together offering best-in-class custodial and lending services, including the launch of innovative institutional-focused products.

Nexo, the leading regulated institution for digital assets, announced today that its Board of Directors has approved a $100 million buyback program, which authorizes the company to discretionally repurchase its native NEXO Token in the open market periodically. The token buyback program will commence immediately and is expected, depending on prevailing market conditions, to be completed within six months after which the Nexo Board of Directors may determine a consecutive buyback.

Nexo, the leading institution for digital assets, today announced that Armanino LLP – a PCAOB-certified auditor and one of the 25 largest public accounting firms in the U.S. – now provides a real-time audit of Nexo’s assets, thus offering unparalleled visibility into Nexo’s finances and showing that the company’s assets exceed its liabilities at all times.

LONDON, UK / ACCESSWIRE / June 23, 2021 / Nexo, the leading regulated institution for digital assets, has initiated the integration of Polkadot, a sharded protocol that allows decentralized blockchain networks to operate together, by enabling clients to buy and sell Polkadot's native DOT, earn up to 8% interest, and borrow against the asset at just 6.9% APR within the Nexo Platform. As a direct answer to frequent customer requests, DOT joins

Today, Nexo, the leading institution for digital assets, distributed its fourth dividend of $20,428,359.89 to eligible NEXO Token holders. The payout comprises 30% of the company’s net profit for the financial period of June 30, 2020 - May 30, 2021 and demonstrates 233% growth аs compared to the third dividend of $6,127,981.39 from August 15, 2020.

Nexo, the leading regulated institution for digital assets, has commissioned Armanino LLP, one of the largest accounting firms in the U.S. and a global leader in digital asset solutions, to provide real-time attestations over the company’s custodial holdings.