Crypto lender Nexo has bought a stake in the holdings division of FINRA member and SEC-registered broker-dealer Texture Capital.
The partnership will enable Nexo to develop its institutional service offering to investors in the US.
The investment fosters future potential for broker-dealer licensing which will greatly expand Nexo’s horizons and products in the US market.
Texture Capital offers a regulated, blockchain-enabled marketplace that caters to accredited and institutional investors, while also enhancing private capital liquidity.
The company has a unique competitive advantage being one of a handful of broker-dealers licensed for issuance and trading of Digital Asset Securities in addition to being registered in all 50 US states as well as several territories.
Nexo committed to state-of-the-art service to community
Tatiana Metodieva, Head of Corporate Finance and Investments at Nexo, which respectively secures $15 billion in cryptocurrency assets on its platform, said the company was investing actively to expand its strategic presence.
“Texture’s growth strategy, service orientation, and compliance foresight align well with our vision for the US market,” she said.
“We expect this partnership to further strengthen Nexo’s commitment to state-of-the-art execution and service to its community.”
Richard Johnson, CEO and Founder of Texture Capital commented that he was “delighted to welcome Nexo as an investor in our seed round”.
“Nexo has built an impressive, global crypto business, and we look forward to partnering with them as Texture continues to build on our vision to revolutionise capital markets leveraging blockchain technology and DeFi.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.