Fidelity To Offer Bitcoin-Backed Loans Through Nexo

Fidelity To Offer Bitcoin-Backed Loans Through Nexo
фото показано с : bitcoinmagazine.com

2021-12-7 20:17

Lending institution Nexo has teamed up with the custodian to explore innovative products and tri-party lending agreements to institutional investors.

Lending firm Nexo has partnered with institutional custodian Fidelity to bring professional bitcoin products to market, the company said in a statement Tuesday. The lender will leverage Fidelity’s enterprise-grade infrastructure to expand institutional access to its prime brokerage platform.

“As a first step, the collaboration with Fidelity Digital Assets will 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,” per the statement.

Nexo said the partnership would enable it to explore the development of new products for institutional investors, including tri-party structures for bitcoin-backed loans. Wall Street banks are also reportedly exploring ways to do institutional cash loans with bitcoin as collateral by emulating tri-party agreements. The model, popular in traditional finance, leverages a third-party agent to ensure the proper delivery of cash and the underlying assets to each party as per the agreement terms.

It isn’t the first time Fidelity Digital Assets has dabbled in bitcoin-backed loans. In December of last year, Bloomberg reported that the custodian had tip-toed into the space in collaboration with BlockFi. In March, it extended its bitcoin-backed loans by adding Silvergate as a partner. Now, Nexo is the latest lender to leverage Fidelity’s institutional custody and trading platform for the service.

“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,” Kalin Metodiev, co-founder and managing partner at Nexo, said in the statement. “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.”

Nexo says it serves more than 2.5 million customers in 200 jurisdictions, offering bitcoin-backed loans in over 40 fiat currencies.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Nexo (NEXO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.59
Капитализация $0 Rank 99999
Цена в час новости $ 2.3763 (-100%)

lending nexo products innovative explore custodian investors

Источник: bitcoinmagazine.com

lending nexo → Результатов: 50


Nexo Set To Boost Token Value With $100 Million Repurchase Efforts

Crypto-focused lending platform Nexo is looking to boost its token value. In a tweet, Nexo said it would be launching a second set of its hugely popular buyback programs starting November 15. Nexo’s Second Repurchase Efforts According to a blog post, the new buyback program will be worth $100 million – a far cry from […] The post Nexo Set To Boost Token Value With 0 Million Repurchase Efforts first appeared on BitcoinExchangeGuide.

2021-11-17 23:27


DeFi Lender Nexo Is Now Offering Instant Credit Lines for Bitcoin Cash (BCH)

Nexo is one of the most successful crypto lenders on the market and has developed the BCH lending service in collaboration with Bitcoin.com. By making BCH-backed loans available on their platform, it enables BCH holders to take loans against their assets instead of having to sell when needing liquidity. This increases the utility of the […]

2019-12-16 21:19


Nexo Releases Crypto Lending Update Clarifying Misconceptions and Future Outlook

The Nexo team released an update today on the future of their project while also clarifying misconceptions about the rapidly-growing lending platform. Nexo claims their key business model “is unchanged” but that the company is: “actively exploring new avenues to maximize token utility and investor value.” The company also claims their ultimate goal is to […]

2019-5-30 01:34


Фото:

Crypto Lending Platforms: SALT, Nexo, ETHLend and BlockFi Compared

Crypto lending platforms are still in surprisingly short supply, given the size of the market opportunity. Buying the dip may have left you a little short for the rest of the year: so you could cash out, potentially missing out on those sick gainz when the SEC approves the ETF and Coinbase lists all your […] The post Crypto Lending Platforms: SALT, Nexo, ETHLend and BlockFi Compared appeared first on Crypto Briefing.

2018-9-1 17:32


Фото:

Nexo Offers to Buy Out SALT

Rumors are swirling after an offer to buy out the first platform for decentralized lending. Nexo, a European-based company for cryptocurrency-collateralized lending, has sent a “letter of intent” to buy out SALT Lending, a similar service in New Zealand, the United Kingdom and several states.

2018-7-28 00:28


дальше еще 1 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Fidelity is doubling its staff to introduce Ethereum offering

Fidelity Digital Assets, a subsidiary of Fidelity Investments, will double its headcount, adding 110 additional tech workers by the end of the year. The post Fidelity is doubling its staff to introduce Ethereum offering appeared first on CryptoSlate.

Fidelity Amasses over $100 Million from 83 Investors for its Bitcoin Fund

One of the world’s largest asset managers, Fidelity Investments' Bitcoin Fund raised $102 million from investors since its launch in August last year. According to the filing with the US Securities and Exchange Commission (SEC), the asset manager amassed a total of $102,350,437 from 83 investors with a minimum investment of $50,000 each, in a […] The post Fidelity Amasses over 0 Million from 83 Investors for its Bitcoin Fund first appeared on BitcoinExchangeGuide.