Leading digital lending and savings platform Nexo has partnered with Fidelity Digital Assets (FDA), the digital arm of financial services giant Fidelity Investments. to expand the accessibility of digital currency to institutions
“Both companies will develop a comprehensive product suite and infrastructure in line with institutional investors looking to experience profitability in Cryptocurrencies”, Nexo said in a press release.
Additionally, both will offer quality custodial and lending services. as well as launching innovative products developed especially for institutional customers.
under this agreement Fidelity institutional customers will have unlimited access to Nexo products, while Nexo custodial will be upgraded to military-grade security infrastructure. which will make investors safer
Commenting on the development, Kalin Metodiev, co-founder and managing partner of Nexo, said the partnership would provide customers with product, credit and trading capabilities. It also relies on the FDA’s advanced security and supervision infrastructure.
“Working with Fidelity Digital Assets is a milestone in our mission to deliver a complete institutional platform. to prepare traditional financial firms in the digital asset ecosystem,” Metodiev said.
Christopher Tyrer, Head of Fidelity Digital Assets Europe, said the move would create an opportunity for both to deliver robust and seamless solutions to their clients.
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