Nexo and BlockFills are engaging in a strategic partnership following the global crypto lender’s participation in BlockFills’ Series A funding round.
The collaboration creates a syndicated lending opportunity, wherein Nexo gains exposure to crypto mining clients while expanding BlockFills’ balance sheet.
BlockFills will also have strategic access to Nexo’s prime brokerage suite’s institutional capabilities and liquidity.
LONDON, FEBRUARY 24, 2022 — Nexo, one of the leading regulated institutions for digital assets, has announced a strategic partnership with global digital asset trading and financial technology provider, BlockFills. The announcement comes on the heels of Nexo’s participation in BlockFills’ $37 million Series A funding round announced in January.
A global provider of end-to-end solutions for digital asset market participants, BlockFills specializes in white-glove commercial lending and trading services for crypto and fiat for both institutional investors and miners. The company’s collaboration with Nexo will facilitate syndicated lending by connecting BlockFills’ miner-rich client base and trading flow from a first-of-its-kind SaaS crypto interface, Phoenix, to Nexo’s advanced financial tools for digital assets. BlockFills is also set to become a strategic client of Nexo Prime – the company’s sophisticated prime brokerage suite.
Through BlockFills’ proprietary derivative trading operations, Nexo gains increased exposure to crypto mining clients. Meanwhile, BlockFills will leverage Nexo’s advanced digital asset management capabilities to expand its reach internationally and further support institutional investors seeking greater stability and more robust technology for their digital asset investing needs.
Tatiana Metodieva, CFA, Head of Corporate Finance and Investments at Nexo remarked of the partnership: “Nexo’s collaboration with BlockFills is logical and synergistic. Our service offerings, geographic coverage, and addressable user bases complement each other; thus, our joint work will be conducive to the growth of our respective business operations in the digital assets industry.”
“We’re thrilled to continue building on our relationship with Nexo following our successful Series A funding round last month. Not only does Nexo match well with our technological capabilities at BlockFills, but we have also found a strong collaborative partner in the Nexo team,” said Nick Hammer, co-founder and CEO of BlockFills. “Together, we look forward to bringing leading and reliable trading opportunities to our growing client-base around the world.”
Nexo’s involvement in BlockFills’ Series A funding round and the resulting partnership come on the heels of numerous successful ventures by the lender’s established investment arm. Nexo’s rapidly progressing VC activity encompasses investments that broaden the company’s compliance capabilities, spur developments of decentralized financial solutions, and grow its presence in the metaverse, including establishing the novel MetaFi industry.
Nexo is the world’s leading regulated digital assets institution. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn Crypto Interest suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. Nexo has processed $75+ billion for 3,000,000+ users across more than 200 jurisdictions. Visit nexo.io to learn more.
Media Contact for Nexo:
The Nexo PR Team
BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.
Media Contact for BlockFills:
Michael Grimm, Reputation Partners
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