Nexo launches venture capital arm: Web3, DeFi, Metaverse, NFTs, payments, compliance

Rick Steves

Nexo Ventures can provide in-house FinTech expertise, integration with Nexo’s core products and services, as well as extensive marketing and community support and liquidity provision for partnering protocols. 

Nexo has launched an in-house Web3-focused investment and acquisition fund that will act in support of its regulated institution for digital assets.

Nexo Ventures will invest $150 million in long-term commitments in a wide range of early-stage retail and institutional projects in order to accelerate the development and adoption of blockchain technology.

Led by Tatiana Metodieva, CFA, Nexo Head of Corporate Finance and Investments, the venture capital division will focus on Web3, DeFi Innovation, Metaverse, NFTs & GameFi, Payments & Trading Infrastructure, and Compliance Solutions.

Troy Gravitt, Head of Communications at Nexo, said: “Through Nexo Ventures we have the opportunity to invest meaningfully in Web3, the Metaverse, MetaFi, and the ecosystem around the Nexo platform. That’s not only a strategic business decision, it’s an investment in the future of the technology and in mass adoption. It’s part of being good stewards for the industry and building the foundation for everything that comes next.”

Nexo has invested in 1inch, BCB Group, BlockFills and more

Nexo Ventures was born from the digital asset ecosystem and has access to wide in-house FinTech expertise and development resources, which will make them available to the startups it backs, including integration with Nexo’s core products and services.

The venture capital arm can also provide extensive marketing and community support and liquidity provision for partnering protocols.

Prior to the launch of Nexo Ventures, the firm’s investment team made key investments in digital asset ecosystem projects, including 1inch, BCB Group, BlockFills, Bware Labs, Interlay, Mizar, Qredo, Rain, Texture Capital, The TIE, and Yield Protocol.

“At Nexo, we believe that blockchain technology will transform the way we connect and use financial services. Our mission is to elevate entrepreneurs who help push the crypto revolution forward. Nexo Ventures aims to drive the continued adoption of digital assets and the expansion of the Web3 ecosystem”, said Tatiana Metodieva, CFA.

“Also, our investment value proposition differs from most traditional investment funds. We’re native to and have a deep understanding of the digital asset industry and technology. We prioritize strategic investments and aim to integrate innovative solutions into Nexo’s product ecosystem and across our global market footprint. We explore the feasibility of enabling Nexo’s users to invest alongside us, thereby leveraging our capabilities to facilitate investor diversification and wealth maximization.”

Nexo is a giant within the digital asset space, having become the first crypto lender to accept NFTs as collateral for loans, establishing a market and providing liquidity to those who prefer to HODL their blue-chip NFT investments.

The firm offers an Exchange service with 300+ market pairs, tax-efficient Instant Crypto Credit Lines, a high-yield Earn Crypto Interest suite, and sophisticated trading and OTC capabilities.

The blockchain specialist is also known for the Nexo wallet, and top-tier custodial insurance. Since being launched, Nexo has processed over $75 billion for more than 3,500,000 users across more than 200 jurisdictions.

Read this next

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

Digital Assets

Huobi introduces Tether’s stablecoins pegged to euro, gold

Huobi, the world’s sixth-largest crypto exchange by trading volume, is set to introduce for its clients two stablecoins representing ownership of physical gold and Euro-pegged tokens.

Retail FX

Saxo Bank reports lackluster volumes for November; FX up 40% YoY

FX trading volumes through Saxo Bank’s platforms improved slightly in November, extending its volatile curve as investors continued to weigh central banks’ policy against concerns over a global economic slowdown.

Executive Moves

CMC Markets taps Finalto’s Julia Free to head UK compliance

CMC Markets PLC (LSE:CMCX) has onboarded Julia Free as its newest head of UK compliance as part of a broader organizational reshuffling at the UK’s biggest spread better.

Digital Assets

Ankr successfully patches hack, will reimburse victims and take actions to prevent further attacks

DeFi protocol Ankr plans to reimburse its affected users after a hacker managed to exploit a bug in its code that allowed for unlimited minting of its liquid staking token.

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.