Nexo Invests in US Dealer-Seller Texture Capital

Picture: Cash

The cryptocurrency firm, Nexo introduced on Tuesday that it has made a strategic funding within the mum or dad of Texture Capital, an SEC-registered broker-dealer and a member of the Monetary Trade Regulatory Authority (FINRA).

The funding into Texture Capital Holdings Corp. got here as part of the corporate’s seed funding spherical following its institution in 2019.

With the funding, Nexo is aiming to increase its institutional service providing by an in depth vary of companions. Nexo primarily focuses on its crypto lending companies, and the funding right into a regulated broker-dealer will broaden its compliance capabilities and merchandise to US clients, the corporate detailed.

“Nexo invests actively throughout geographies and segments to increase its strategic presence, technological options framework and regulatory readiness within the digital asset ecosystem,” stated Tatiana Metodieva, Head of Company Finance and Investments at Nexo.

“Texture’s development technique, service orientation and compliance foresight align effectively with Nexo’s imaginative and prescient for the US market.”

A Registered Dealer-Seller

Texture Capital is among the few broker-dealers federally licensed in the US for the issuance and buying and selling of digital asset securities. With its blockchain-enabled market, the corporate targets accredited and institutional buyers.

Moreover, the official announcement has detailed that the partnership between the 2 will improve the choices of Texture Capital with superior DeFi capabilities by Nexo’s turnkey options for managing crypto property and intensive blockchain experience.

“We’re delighted to welcome Nexo as an investor in our seed spherical,” Richard Johnson, Founder and CEO of Texture Capital, stated in a press release. “Nexo has constructed a powerful, world crypto enterprise, and we look ahead to partnering with them as Texture continues to construct on our imaginative and prescient to revolutionize capital markets leveraging blockchain know-how and DeFi.”

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