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Nexo Partners With Fidelity to Expand Institutional Access to Cryptocurrencies

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CryptoPotato

Tue, Dec 07, 2021

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Leading cryptocurrency lending and savings platform Nexo has partnered with Fidelity Digital Assets (FDA), the digital arm of financial services giant Fidelity Investments, to expand institutional access to cryptocurrencies.

Following the collaboration, both firms will develop a comprehensive product suite and compliant infrastructure for institutional investors seeking to gain exposure to cryptocurrencies, Nexo said in a press release shared with CryptoPotato.

Christopher Tyrer, Head of Fidelity Digital Assets Europe, noted that the move creates an opportunity for the duo to deliver a robust and seamless solution for their customers, adding: “We’re thrilled that our best-in-class operational controls and security expertise will be extended to the assets of Nexo’s customers, while the ability for Fidelity Digital Asset’s clients to access Nexo’s lending solutions will help us deliver a richer experience to meet our clients’ evolving needs.” The development comes less than a month after Nexo announced a $100 million buyback program for its native cryptocurrency dubbed NEXO.

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