Nexo, a globally regulated crypto-collateralized credit provider, has announced a partnership with Fidelity Digital Assets, an execution and custody services provider, to establish a platform to provide institutional access to digital assets with custodial and lending services, according to a news release shared with Forkast.News.
- The partnership will allow Nexo to establish an institutional-grade platform for the storage of digital assets, add a custody layer to its security infrastructure and develop lending services to institutional investors. It will also allow the firm to expand its portfolio of assets under management.
- As part of Fidelity Investments, one of the world’s largest and diversified financial services with US$4.2 trillion in assets under management, Fidelity Digital Assets provides dedicated blockchain expertise to institutional investors.
- “Along with Nexo, we recognize the opportunity to deliver a more robust and seamless experience for investors through collaborations like this,” said Christopher Tyrer, head of Fidelity Digital Assets, Europe, in a statement. “We’ve seen tremendous growth of interest in digital assets from institutions within the European market and we’re committed to implementing sophisticated solutions to match those available with traditional asset classes.”