Cryptocurrency lender Nexo has teamed up with Fidelity Digital Assets to offer products and infrastructure for institutional investors in a groundbreaking collaboration. This partnership will allow institutional investors using Fidelity as their custodian to access Nexo’s lending products and crypto prime brokerage services seamlessly.
The collaboration aims to address the challenge of securely storing digital assets for institutional investors, ultimately paving the way for larger players to enter the crypto space with confidence. Kalin Metodiev, co-founder of Nexo, highlighted the opportunity to introduce innovative services that are currently unavailable in the market through this strategic partnership.
With Nexo having processed over $50 billion in transactions for millions of users globally and Fidelity bolstering its digital assets team to meet the increasing demand from institutions, this collaboration signifies a significant step towards mainstream adoption of cryptocurrencies in the financial industry.
As the institutional interest in crypto assets continues to grow, partnerships like this one between Nexo and Fidelity showcase the evolving landscape of digital asset management and the steps being taken to meet the needs of institutional investors in the rapidly expanding crypto market.
