Nexo joins push for global blockchain standards with INATBA membership

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Written on Feb 1, 2024

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Nexo has announced it’s now a member of INATBA
The crypto lender is to advocate for global standards that promote blockchain innovation.
Nexo now joins the likes of IBM, Deutsche Börse AG and Binance as INATBA members.

Nexo, a regulated digital assets institution, has announced a strategic alliance with the International Association for Trusted Blockchain Applications (INATBA).

Nexo becomes INATBA member

In today’s announcement, Nexo said it will leverage INATBA’s network and traction to help shape policies that support crypto innovation while putting security and privacy of users at the forefront.

INATBA is an international body championing adoption of blockchain and distributed ledger technology (DLT) in Europe and across the world. The European Commission launched INATBA in 2019 and the organisation’s impact was significantly visible from its input contributions to the EU’s Markets in Crypto-Assets (MiCA) regulation.

“In the face of our growing industry, we felt the need for a partner to assist us in lending a powerful voice to the blockchain space to shape the standards for legal and regulatory compliance – a feat INATBA shines, given its recent impact on crypto-assets regulation in Europe, including direct involvement in definitions within the Markets in Crypto Asset Regulation (MiCA) and Transfer of Funds Regulation (TOFR),” said Bianca Veleva, Nexo’s Head of Legal and Regulatory Compliance.

Nexo’s latest milestone within the crypto space comes just days after the crypto company revealed it had secured two prestigious ISO certifications from RINA.

According to details on the INATBA website, Nexo is one of the “large category members.” It joins global giants IBM, Deutsche Börse AG, BBVA, Fujitsu and Binance among others. Nexo will actively participate and contribute to the overall development and adoption of blockchain technology alongside these industry giants.

INABTA working groups include finance, legal, privacy and standards committee. Meanwhile, it has task forces for industrial blockchain, digital credentials and metaverse.