- Lending firm Nexo has introduced its $150M capital investment arm Nexo Ventures.
- Nexo Ventures is planning to invest in various blockchain-based projects.
- In December 2021, Nexo collaborated with Three Arrows Capital to launch a service that allows clients to use NFTs as collateral for loans
Lending firm Nexo has launched its $150 million worth internal Web3 capital investment arm Nexo Ventures, CoinQuora has learned.
Nexo Ventures is reportedly investing in long-term commitments to retail and institutional startup projects from various sectors, mainly Web3, DeFi, blockchain gaming, NFTs, and the Metaverse.
The company will also focus on deploying capital into payment systems and compliance solutions projects.
Nexo Head of Corporate Finance and Investments Tatiana Metodieva said that the capital firm will “drive the continued adoption of digital assets and the expansion of the Web3 ecosystem.”
“Also, our investment value proposition differs from most traditional investment funds. We’re native to and have a deep understanding of the digital asse ...