Nexo invests $150M in new Ventures Fund

Leading digital asset platform Nexo (NEXO/USD) has launched Nexo Ventures, an in-house investment and acquisition fund focused on Web3, Nexo announced in a press release. Nexo Ventures will accelerate the adoption and development of blockchain technology.

Nexo plans a long-term investment of $150 million in a large number of early-stage institutional and retail projects related to the company’s core businesses.

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Nexo Ventures will focus on the following key investment areas:

• DeFi Innovation
• Web3
• Trading and payment infrastructure
• Metaverse, NFTs, GameFi
• Compliance solutions

Tatiana Metodieva, CFA, Nexo Head of Corporate Finance and Investments, will lead the new venture fund. She commented:

At Nexo, we believe that blockchain technology will transform the way we connect and use financial services. Our mission is to elevate entrepreneurs who help push the crypto revolution forward. Nexo Ventures aims to drive the continued adoption of digital assets and the expansion of the Web3 ecosystem.

Metodieva added:

Also, our investment value proposition differs from most traditional investment funds. We’re native to and have a deep understanding of the digital asset industry and technology. We prioritize strategic investments and aim to integrate innovative solutions into Nexo’s product ecosystem and across our global market footprint. We explore the feasibility of enabling Nexo’s users to invest alongside us, thereby leveraging our capabilities to facilitate investor diversification and wealth maximization.

Nexo Ventures unique features

The following features make Nexo Ventures stand out from similar organizations:

• Access to wide in-house FinTech dev and expertise resources
• Born from the digital asset ecosystem
• Integration with Nexo core products and services
• Partner protocol liquidity provision
• Extensive community and marketing support

Prior to the launch of the Ventures Fund, Nexo invested in the following digital asset ecosystem projects, among others: BlockFills, Bware Labs, 1inch, BCB Group, Interlay, Mizar, Texture Capital, The TIE, Qredo, Rain, and Yield.

Nexo and Three Arrows Capital entered into a partnership in December 2021, through which Nexo made history as the first crypto lender to provide loans in exchange for NFTs as collateral. Nexo is also a leader in MetaFi. The platform has established a market and supplies hodlers of blue-chip NFT investments with excellent liquidity.