Nexo enters strategic partnership with BlockFills

Nexo enters strategic partnership with BlockFills
фото показано с : invezz.com

2022-2-25 17:00

Nexo (NEXO/USD), the leading exchange and regulated institution for digital assets, has entered into a strategic partnership with BlockFills, a global digital asset trading and financial technology provider, Invezz learned from a press release. In January, it was announced Nexo was taking part in BlockFills’ $37 million Series A funding round.

Partnership to facilitate syndicated lending

BlockFills is a global provider of end-to-end solutions for digital asset market participants, who specializes in white-glove commercial trading and lending services for fiat and crypto for both miners and institutional investors.

Their partnership with Nexo will facilitate syndicated lending. This will be achieved by linking BlockFills’ miner-rich client base and trading flow from Phoenix, the first SaaS crypto interface of its kind, to Nexo’s advanced digital asset tools.

Increased exposure to mining clients

Nexo gains greater exposure through BlockFills’ proprietary derivative trading operations. On its end, BlockFills will avail of the exchange’s advanced digital asset management capacities to expand its global reach and give institutional investors more support in finding stability as well as more reliable technology for their investing needs.

BlockFills is also set to become a strategic client of Nexo Prime, Nexo’s top of the line prime brokerage suite. Tatiana Metodieva, CFA and Head of Corporate Finance and Investments at Nexo commented:

Nexo’s collaboration with BlockFills is logical and synergistic. Our service offerings, geographic coverage, and addressable user bases complement each other; thus, our joint work will be conducive to the growth of our respective business operations in the digital assets industry.

Nick Hammer, co-founder and CEO of BlockFills, said:

We’re thrilled to continue building on our relationship with Nexo following our successful Series A funding round last month. Not only does Nexo match well with our technological capabilities at BlockFills, but we have also found a strong collaborative partner in the Nexo team. Together, we look forward to bringing leading and reliable trading opportunities to our growing client-base around the world.

Rapidly progressing VC activity

Nexo’s venture capital arm is making investments that spur developments of decentralized financial solutions, broaden the company’s compliance capabilities, and grow its presence in the metaverse, which includes creating a niche: MetaFi.

The post Nexo enters strategic partnership with BlockFills appeared first on Invezz.

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