- Crypto firm Nexo has launched its prime brokerage tool that allows investors to efficiently manage their digital assets.
- Nexo Prime will offer a suite of solutions, including trading, taking custody, and lending of assets.
- The developers partnered with many companies, such as BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets, for the project.
DeFi cryptocurrency firm Nexo has launched Nexo Prime — a prime brokerage tool to allow institutional, corporate, and high net worth investors to manage digital assets on one platform. Nexo Prime will offer the essential tools to trade, borrow, lend, and store digital assets, such as cryptocurrencies.
Kalin Metodiev, Nexo CFA and co-founder, recognized that the digital assets market “never sleeps” and pointed out that Nexo Prime can be a solution that will offer “best-in-class” and “around-the-clock” service.
“Institutional and corporate demand for digital assets has never been greater, and the market for prime services could [multiply to ten] over the next year,” said Metodiev.
Metodiev took pride in the launch, saying:
Clients entering the space demand a sophisticated, all-in-one, institutional-grade platform, and that’s exactly what we provide them with Nexo Prime.
Notably, Nexo Prime offers a suite of solutions covering trading, taking custody, and lending of assets.
According to the team, clients will have access to diversified liquidity, over-the-counter (OTC) desk, and other financial services on one platform. Moreover, clients can trade directly through API calls or utilize Nexo’s trading interface. Through the Smart Routing System, all transactions will be cost-effective.
The developers also revealed that its custody framework optimizes services from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. With this, clients get a real-time audit and have instant access to funds, while being assured protection through custodial insurance.
Meanwhile, Nexo Prime’s lending framework offers clients liquidity on demand, whether for margin trading or an OTC loan.
Nexo Prime Vice President of Development, Yasen Yankov, touched on all features offered by the brokerage platform. According to him, it took the team 18 months to “carefully [build] and [incubate] Nexo Prime.” He shared his pride after launching the platform:
“We are today, already a trusted partner to leading trading firms, hedge funds, family offices, and OTC desks.”
In other news, Nexo has been selected to become a member of the Crypto Market Integrity Coalition (CMIC). According to Nexo, this solidifies the company’s position as a leader in the blockchain industry.