Nexo enters strategic partnership with BlockFills

Nexo (NEXO/USD), the leading exchange and regulated institution for digital assets, has entered into a strategic partnership with BlockFills, a global digital asset trading and financial technology provider, Invezz learned from a press release. In January, it was announced Nexo was taking part in BlockFills’ $37 million Series A funding round.

Partnership to facilitate syndicated lending

BlockFills is a global provider of end-to-end solutions for digital asset market participants, who specializes in white-glove commercial trading and lending services for fiat and crypto for both miners and institutional investors.

Their partnership with Nexo will facilitate syndicated lending. This will be achieved by linking BlockFills’ miner-rich client base and trading flow from Phoenix, the first SaaS crypto interface of its kind, to Nexo’s advanced digital asset tools.

Increased exposure to mining clients

Nexo gains greater exposure through BlockFills’ proprietary derivative trading operations. On its end, BlockFills will avail of the exchange’s advanced digital asset management capacities to expand its global reach and give institutional investors more support in finding stability as well as more reliable technology for their investing needs.

BlockFills is also set to become a strategic client of Nexo Prime, Nexo’s top of the line prime brokerage suite. Tatiana Metodieva, CFA and Head of Corporate Finance and Investments at Nexo commented:

Nick Hammer, co-founder and CEO of BlockFills, said:

Rapidly progressing VC activity

Nexo’s venture capital arm is making investments that spur developments of decentralized financial solutions, broaden the company’s compliance capabilities, and grow its presence in the metaverse, which includes creating a niche: MetaFi.