Nexo and Fidelity Digital Assets Join Forces to Expand Institutional Access to Crypto
Nexo, a leading regulated institution for digital assets, recently announced a long-term collaboration with Fidelity Digital Assets to revolutionize institutional access to digital assets.
With the new partnership, Nexo will be able to offer best-in-class custodial and lending services and launch innovative institutional-focused products.
According to the official press release, Nexo and Fidelity Digital Assets as custodian and collateral agent, will develop a comprehensive product suite and compliant infrastructure for institutional investors seeking exposure to digital assets.
The collaboration is expected to expand Nexo's ability to service and enhance its growing portfolio of assets under management and will provide an additional custody layer to Nexo's military-grade security infrastructure.
Additionally, this latest development gives institutional investors who currently custody their digital assets with Fidelity Digital Assets access to Nexo's products and state-of-the-art crypto prime brokerage, all under one roof. As a result, institutional clients will enjoy tri-party structures that combine Nexo's unparalleled lending solutions with Fidelity Digital Assets' market-leading asset protection.
"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," said Kalin Metodiev, CFA, Co-Founder and Managing Partner at Nexo. "Our client base will now have full use of our industry-leading credit and trading products with reliance on Fidelity Digital Assets' bespoke custody and security solutions."
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