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Nexo
Antoni Trenchev, Managing PartnerWe are extremely proud to announce the long-awaited listing of the NEXO Token on the largest crypto exchange in the world – Binance. Starting today our native token will be available for trading on the Binance exchange in pairs with BTC, BUSD, and USDT. This listing will immensely increase the access to the NEXO Token, and its liquidity on the crypto market, and is proof of the sustainable growth of Nexo and its importance for the blockchain space. More information on our blog: nexo.io/blog/nexo-on-binance
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Antoni Trenchev, Managing PartnerA new addition to our platform – this time it’s Maker! With $16.5B in TVL and a history going back to 2017, Maker is one of the largest and oldest protocols in #DeFi. Its utility is related to DAI – a cryptocurrency-backed stablecoin – and the control of its supply. The Maker ecosystem is easily one of the trailblazers in the space. Clients can now purchase with cashback, top up, borrow against, exchange, or use their MKR as collateral and spend its value with the Nexo Card. More information on our blog: nexo.io/blog/back-to-the-ogs-maker-mkr-is-listed-on-nexo
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Antoni Trenchev, Managing PartnerWe are happy to share our latest product update – the MetaMask integration. Clients can now use their MetaMask wallets directly on the Nexo platform, using a simple web extension. Effortless transfers, exchange versatility and flexible gas fees are now even more readily available. This feature ushers in a new level of usability and seamlessness for our products and the assets we support. More information on our blog: nexo.io/blog/use-metamask-directly-on-nexo
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Antoni Trenchev, Managing PartnerWe are pleased to announce our strategic investment in Improbable. The company is heavily involved in pioneering virtual world infrastructure. Many of the experiences available today can’t support the vast number of people or rich interactivity necessary to fulfill the true promise of the metaverse. Improbable’s technology changes that. The accumulated capital will go toward developing M2 (M squared), an ecosystem of interoperable Web3 metaverses powered by Improbable’s Morpheus technology. The funding round was joined by the likes SoftBank, Andreessen Horowitz, Digital Currency Group and CMT Digital. As an extension of our physical lives and a platform for vibrant social and economic activity, including financial services, the metaverse is where we intend to integrate our portfolio of crypto and digital asset products. This is the next step in our effort to continue disrupting the traditional customer-facing business model and position Nexo as the prime digital bank of the future. More information on our blog: nexo.io/blog/nexo-ventures-invests-in-metaverse-interoperability-technology
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Antoni Trenchev, Managing PartnerSharing the news of another Nexo Ventures investment. RociFi Labs closed a $2.7M seed round in which Nexo participated. The company is building a crypto lending solution that will make it possible for the industry to move away from traditional overcollateralized lending and toward reduced-collateral and undercollateralized loans, using on-chain data to establish user credit scores and eligibility for loans based on users’ historical DeFi activity. The funding round will help RociFi Labs to evolve from testnet to mainnet, moving one step closer to making undercollateralized lending the go-to solution for the market’s DeFi lending needs. Learn more on our blog: nexo.io/blog/investment-update-nexo-ventures-backs-rocifi
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Antoni Trenchev, Managing PartnerNexo Prime is a proprietary prime brokerage platform for institutional, corporate, and high-net-worth investors. All the tools necessary to trade, borrow, lend, and securely store digital assets. In a single product. Trading Nexo Prime’s best-in-class infrastructure helps execute large orders smoothly and reliably, with competitive trading fees. Custody The product’s custody framework combines industry-leading solutions from the best in the business: BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. Lending Nexo Prime’s market-leading crypto lending platform is built to provide clients with liquidity on demand, whether it’s needed for margin trading or an OTC loan. Created for a market that never sleeps, Nexo Prime around-the-clock service to clients across the globe. Get onboarded now on: nexo.io/prime
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Antoni Trenchev, Managing PartnerThe NEXO Token is now available on Bitstamp! This listing on another top 15 exchange will boost our native token's liquidity and will create a new direct fiat-NEXO on-ramp, increasing its accessibility. More information on our blog: nexo.io/blog/the-nexo-token-is-now-available-on-bitstamp
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Antoni Trenchev, Managing PartnerOn Monday, The TIE announced that it has closed a $9M funding round, which Nexo Ventures joined, at a $100M valuation. Our mission at Nexo Ventures is to elevate entrepreneurs who help push the crypto revolution forward, and we’re deep believers in The TIE’s potential to revolutionize the institutional market for digital assets. The TIE’s Crypto SigDev Terminal and data solutions stand to disrupt and own the market for information services for digital assets, much as Bloomberg Terminals have for traditional finance. The TIE platform is a game-changer, and as more and more institutional investors enter the digital assets market - whether hedge funds, OTC desks, prime brokers, or prop traders - they’ll each need a solution like the Crypto SigDev Terminal. Together we push institutional adoption to the masses! More information on our blog: nexo.io/blog/the-latest-nexo-ventures-investment-the-tie
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Antoni Trenchev, Managing PartnerToday we’re proud to announce the launch of Nexo Ventures, our in-house Web3-focused investment and acquisition fund. Nexo Ventures is committed to accelerating the development and adoption of blockchain technology and will invest $150 million in long-term commitments in a wide range of early-stage retail and institutional projects synergetic to Nexo’s core businesses. We will focus on five key areas for investment: Web3; DeFi Innovation; Metaverse, NFTs & GameFi; Payments & Trading Infrastructure; and Compliance Solutions. Our mission is to elevate entrepreneurs who help push the crypto revolution forward, and we aim to drive the continued adoption of digital assets and the expansion of the Web3 ecosystem. To learn more and to apply for funding, visit our article and the dedicated web page: nexo.io/media-center/nexo-launches-150-million-web3-focused-investment-fund-nexo-ventures
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Antoni Trenchev, Managing PartnerWelcome the latest addition to Nexo’s offering – it’s the NEAR token! The native asset of the NEAR protocol – a climate-neutral, layer one blockchain designed to offer cost-effective and scalable solutions – is available to all our clients, who can now buy, exchange, borrow against, and earn up to 10% APR on their NEAR tokens. More information on our blog: nexo.io/blog/it-is-all-about-the-similarities-nexo-adds-near