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Nexo

Can a crypto-backed lending platform become the regulated, full-stack digital wealth OS for both retail and institutional clients globally?

Founded2018
HQVilnius, Lithuania (also registered in London, UK)
IndustryFintech / Crypto
The story

Founded in 2018 as a crypto-backed lending platform, Nexo quickly became one of the largest centralized crypto lenders by offering instant credit lines collateralized by digital assets. As the crypto market matured, Nexo expanded into a full wealth platform — adding savings/yield products, a debit/credit card, exchange, prime brokerage, and white-label infrastructure. Following the 2022 crypto winter and regulatory scrutiny across jurisdictions, Nexo pivoted toward compliance-first positioning, filing for MiCA authorization in the EU and pursuing ISO/SOC certifications. The company is now positioning itself as the premier regulated crypto wealth platform serving both retail and institutional clients.

Last 12 months
2025-02
2026-02
2026-01
Product timeline
2018
Nexo platform launched as the first-ever crypto-backed credit line product.· lending
2019
Launched first $12M NEXO Token Buyback Program; issued world's first crypto-backed loan used for a mortgage.· lending
2021
Launched the Nexo Card (credit and debit modes) offering up to 2% crypto cashback on purchases.· card
2022
Signed indicative term sheet to potentially acquire competitor Vauld during crypto market downturn.· acquisition
2023
Achieved SOC 2 Type 2 and SOC 3 Type 2 compliance; expanded Fixed-term Savings products.· banking
2025
Partnered with Sphere for cross-border business payments using blockchain-based settlement; launched Zero-interest Credit product.· lending
2026
Filed full MiCA application with Bulgarian FSC for EU-wide CASP authorization; won Consumer Lending Product of the Year at FinTech Breakthrough Awards 2026.· pivot
Regulated entities
Digital Currency Exchange Provider
Australia (AUSTRAC)
Nexo
California Financing Law License
US (California, DFPI)
Nexo Financial LLC
CASP (MiCA application pending)
EU (Bulgaria, FSC) · 2026
Nexo
The stack
Payments / PSP
Nexo Payment Gateway (self-operated)
Banking / BaaS
OpenPayd
Lending
Crypto-backed Credit Line (from 1.9% p.a.)Zero-interest Credit (0% p.a., BTC/ETH/SOL/XRP collateral)Instant approval loans ($50–$2M)Institutional lending / Prime Brokerage credit
Insurance
Lloyd's of London syndicate; Marsh; Arch
FX & payouts
SphereOpenPayd
Crypto
ChainstackFireblocks; Ledger Vault
Accounting gap: minor