Fidelity and Nexo partner to form joint venture

Fidelity Digital Assets - Nexo, the crypto asset division and crypto lending and trading platform of Fidelity Investment, has announced a partnership to provide crypto, securities and lending services to private investors.

The two companies will develop a wide range of products and legal frameworks for businesses seeking access to cryptocurrencies.

According to the announcement, the partnership with Fidelity Digital Assets will allow Nexo to expand its portfolio and add a second layer of protection to its security architecture. In addition, companies engaged in Fidelity Digital Assets will enter Nexo services and become the leader in cryptocurrency.

Nexo co-founder and CEO Kalin Metodiev talks about the improvements:

“Working with Fidelity Digital Assets is our primary focus in building the business enterprise and integrating existing financial companies into the digital wealth ecosystem. Consumers will now be able to take advantage of digital marketing and product portfolio.Accept loyalty policy.Register and secure solutions for your digital assets. "

Christopher Tyrer, director of Fidelity Digital Asset Europe, said the company was seeing increased interest from European companies. Partnerships have been broadened to meet these needs.

Fidelity Investments has always been passionate about the cryptocurrency industry and has done a lot of recruiting work in this area. The company appears to have taken the lead in adding more cryptocurrencies to the content of multiple organizations.