- Lending firm Nexo has introduced its $150M capital investment arm Nexo Ventures.
- Nexo Ventures is planning to invest in various blockchain-based projects.
- In December 2021, Nexo collaborated with Three Arrows Capital to launch a service that allows clients to use NFTs as collateral for loans
Lending firm Nexo has launched its $150 million worth internal Web3 capital investment arm Nexo Ventures, CoinQuora has learned.
Nexo Ventures is reportedly investing in long-term commitments to retail and institutional startup projects from various sectors, mainly Web3, DeFi, blockchain gaming, NFTs, and the Metaverse.
The company will also focus on deploying capital into payment systems and compliance solutions projects.
Nexo Head of Corporate Finance and Investments Tatiana Metodieva said that the capital firm will “drive the continued adoption of digital assets and the expansion of the Web3 ecosystem.”
“Also, our investment value proposition differs from most traditional investment funds. We’re native to and have a deep understanding of the digital asset industry and technology. We prioritize strategic investments and aim to integrate innovative solutions into Nexo’s product ecosystem and across our global market footprint. We explore the feasibility of enabling Nexo’s users to invest alongside us, thereby leveraging our capabilities to facilitate investor diversification and wealth maximization.”
Ahead of the fund’s launch, the company has invested in other digital asset projects, including 1inch, BCB Group, BlockFills, Bware Labs, Interlay, Mizar, Qredo, Rain, Texture Capital, The TIE, and Yield Protocol.
In December of last year, Nexo established its NFT-supported lending platform in partnership with Singapore-based hedge fund Three Arrows Capital. The lending platform enables clients to use non-fungible tokens (NFTs) as loan collateral.
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