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Cryptocurrency lending company Nexo announces business alliance with Fidelity Digital Assets

Alex Coin
December 7, 2021
Reading Time: 3 mins read
0
What is NEXO?

The NEXO Token is an asset-backed token and is backed by the underlying assets of Nexo’s loan portfolio. NEXO Tokens Holders will get 30% of the company’s profits. NEXO Tokens offer additional utility features such as discounted interest rates on the Nexo Instant Crypto-backed Loans and are also accepted as collateral on the Nexo Platform.

It is expected that this alliance between Nexo y Fidelity to create products and services aimed especially at institutional investors.

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***

The company operating in the field of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. lending,Nexo, announced a strategic alliance with Fidelity Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Assets to launch a set of products specifically targeted at institutional investors.

Nexo pauta alianza withFidelity Digital Assets

According to information published in various reports, this alliance was achieved through an agreement that would seek to expand the credit lines currently managed by Nexo, this hand in hand with the scope and trajectory that has Fidelity, especially through its direction especially dedicated to the custody custody is a financial institution's legal capacity to keep and preserve financial assets for its clients to avoid asset theft or loss. of digital currencies.

In this regard, the co-founder and partner ofNexo, Kalin Metodiev, pointed:

“Working with Fidelity Digital Assets is the latest milestone in our quest to offer a complete institutional platform a place to buy, sell and store cryptocurrency on the path to incorporate traditional financial companies into the digital currency currency is a medium of exchange that defines value. ecosystem.”

For his part, the director ofFidelity Digital Assets for Europe, Christopher Tyrer, said that this alliance between the two entities comes at a very special time for cryptocurrencies in the European market, precisely because of the growing interest that local residents and businesses have for digital assets.

Nexo and the ecosystem of servicesDeFi a movement encouraging alternatives to traditional, centralized forms of financial services.

As such,Nexo is one of the companies that would be opening space within the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance space, only from a more traditionalist perspective by operating loans with Bitcoin, Tether, Ethereum a decentralized open-source blockchain with smart contracts functionality. and many other cryptocurrencies, offering annual interest margins of up to 20% for users who contribute liquidity.

Prior to this announcement,Nexo also established an agreement withTexture Capital capital is most commonly defined as the large sum of money you would use to invest. y se hizo acreedora de algunas acciones de la compañía, con lo cual hace uso potencial de la licencia de corredor de bolsa perteneciente a esta última, así como de su registro en varios estados dentro de EE UU para ofrecer sus servicios a los residentes del país.

Prior to this, the company had also announced a USD $100 million buyback program for its token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system.NEXO, el cual se ejecutaría en fases y tenía como fin aumentar el valor del mismo en los principales mercados.

Se espera que este acuerdo comercial con Fidelity The latter, in particular, is trying to open up a space in the U.S. market an area or arena, online or offline, in which commercial dealings are conducted. in order to launch its ownETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. based onBitcoin.


  • Fidelity to launch a spot a contract or transaction buying or selling a cryptocurrency for immediate settlement, or payment and delivery, of the cryptocurrency on the market. Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ETF in Canada, tired of waiting for a response from the U.S.
  • Fidelity Receives License to Operate as Bitcoin Custodian a custodian is responsible for safely holding assets for an institution or individual for a variety of purposes. in Canada
  • Cardano launches on the Nexo platform

Source:Decrypt

Version by Angel Di Matteo /DiarioBitcon

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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