Nexo is expanding its presence in the cryptocurrency and blockchain ecosystem.
Regulated digital assets institution Nexo announced earlier today that it had launched its digital asset prime brokerage unit.
Dubbed Nexo Prime, it will serve as a proprietary prime brokerage platform for institutional, corporate, and high-net-worth investors that gives investors all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single product.
According to the press release shared with CryptoAdvisor earlier today, Nexo Prime will offer a wide range of services to users, including trading, custody and lending. Kalin Metodiev, CFA, Nexo Co-Founder and Managing Partner, commented that;
“Institutional and corporate demand for digital assets has never been greater, and the market for prime services could 10x over the next year. Clients entering the space demand a sophisticated, all-in-one, institutional-grade platform, and that’s exactly what we provide them with Nexo Prime.”
The company said Nexo Prime’sinfrastructure helps execute large orders smoothly and reliably, with competitive trading fees. The Nexo Prime users can access diversified liquidity aggregated from the world’s leading exchanges, liquidity providers, and select market makers.
Furthermore, the users can access Nexo’s 24/7 OTC desk for high-touch executions of spot and derivatives instruments.
The team also stated that Nexo Prime’s custody framework combines industry-leading solutions from the best in the business: BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets.
Yasen Yankov, Vice President of Development, Nexo Prime, was excited about this latest development and shared his thoughts. Yankov said;
“We’ve carefully built out and incubated Nexo Prime over the past 18 months with a core client group, and we’re excited to unveil the platform for the rest of the world to see. We are today, already a trusted partner to leading trading firms, hedge funds, family offices, and OTC desks.”
The Nexo Prime crypto lending platform is built to provide clients with on-demand liquidity, whether needed for margin trading or an OTC loan. Users can add extra leverage to a portfolio by borrowing at the best market rate, Nexo added.