Cryptocurrency loan Nexo and Fidelity Digital Assets enter into partnership

Crypto Loan Nexo has announced a new partnership with the chairman of cryptocurrency firm Fidelity Digital Assets to develop products aimed at providing more crypto access to investors. for

Fidelity Digital Assets is a blockchain subsidiary of Fidelity Investments, a Boston-based money management firm that manages more than $ 7 trillion in consumer assets. for

The two companies have agreed to develop products that will extend Nexo's line of credit and Fidelity's most secure crypto brokerage business to consumers. for

“Partnering with Fidelity Digital Assets is at the heart of our research to get the business going and bring traditional financial firms into the digital wealth ecosystem,” said Kalin. Metodiev, co-founder and managing partner of Nexo, in a planning statement.

Christopher Tyyrer, director of Fidelity Digital Assets Europe, said the partnership comes at a time of significant growth in European companies' interest in digital assets.