Nexo Invests in US Broker-Dealer Texture Capital
The cryptocurrency company, Nexo revealed on Tuesday that it has made a strategic financial investment in the moms and dad of Texture Capital, an SEC-registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA).
The investment into Texture Capital Holdings Corp. came as a part of the business’s seed funding round following its facility in 2019.
With the investment, Nexo is intending to expand its institutional service offering through an extensive variety of partners. Nexo primarily focuses on its crypto financing services, and the financial investment into a regulated broker-dealer will expand its compliance abilities and items to United States clients, the company detailed.
“Nexo invests actively across locations and sectors to broaden its tactical presence, technological solutions structure and regulatory preparedness in the digital possession ecosystem,” said Tatiana Metodieva, Head of Corporate Finance and Investments at Nexo.Suggested short articles IMGFX-Individual BrokerGo to article >
technique, service orientation and compliance foresight align well with Nexo’s vision for the United States market.”A Registered Broker-Dealer Texture Capital is one of the few broker-dealers federally licensed in the United States for the issuance and
trading of digital asset securities. With its blockchain-enabled marketplace, the business targets recognized and institutional investors.Furthermore, the official statement has detailed that the partnership in between the two will boost the offerings of Texture Capital with sophisticated DeFi capabilities through Nexo’s turnkey solutions for handling crypto properties and substantial blockchain
know-how.”We are delighted to welcome Nexo as a financier in our seed round,”Richard Johnson, Creator and CEO of Texture Capital, said in a declaration.”Nexo has built an outstanding, global crypto organization, and we look forward to partnering with them as Texture continues to develop on our vision to transform capital markets leveraging blockchain technology and DeFi.” Released at Wed, 10 Nov 2021 08:00:51 +0000