Fidelity Digital Assets Taps Nexo's Crypto Credit Lines in New Partnership - Aliens: AI Crypto News & Markets Updates

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Fidelity Digital Assets Taps Nexo's Crypto Credit Lines in New Partnership

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Decrypt

Tue, Dec 07, 2021

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Nexo co-founder and managing partner Kalin Metodiev said in a prepared statement that “working with Fidelity Digital Assets is the latest milestone in our quest to offer a complete institutional platform and to onboard traditional finance companies into the digital asset ecosystem.” The crypto platform lets users borrow cash against crypto at a variety of different rates.

Christopher Tyrer, head of Fidelity Digital Assets in Europe, said the partnership comes amid a “tremendous growth of interest in digital assets from institutions within the European market.” Last month, Nexo acquired a stake in digital securities broker-dealer Texture Capital in a “ strategic move ” that would allow it to potentially make use of Texture’s broker-dealer license, and its registration in every state, to service U.S. citizens.

Fidelity Investments made headlines when it launched the fifth spot-market Exchange-Traded Fund (ETF) in Canada earlier this month , making it the largest asset manager to launch a Bitcoin ETF so far.

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