Cryptocurrency lending platform Nexo has announced that it has partnered with Fidelity Digital Assets to make cryptocurrencies more accessible to institutional investors.
According to the statement, as part of the partnership established, both companies said that they will develop a comprehensive product suite and compliant infrastructure for institutional investors seeking exposure to cryptocurrencies.
The partnership with Fidelity will allow Nexo to expand its portfolio of assets, while Fidelity’s institutional clients will have unlimited access to Nexo’s products, including the company’s cryptocurrency brokerage.
Fidelity Digital Assets Europe President Christopher Tyrer said in a statement that they have expanded their partnership in the face of increasing interest from institutional investors.
“Together with Nexo, we recognize the opportunity to offer investors a more robust and seamless experience through collaborations like this one.
We have seen a tremendous increase in interest in digital assets from institutional investors in the European market. We are committed to implementing sophisticated solutions to match existing ones with traditional asset classes.”
Kalin Metodiev, Nexo’s founding and managing partner, said the following about the partnership:
“Working with Fidelity Digital Assets is the latest milestone in our quest to deliver a complete enterprise platform and engage traditional finance companies in the digital assets ecosystem.
Our customers can now rely on Fidelity Digital Assets’ custody and security solutions to take full advantage of our industry-leading credit and trading products.”