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Nexo Returns to the U.S.
Nexo reenters U.S. with Bakkt-backed crypto services including yield programs and credit lines, managing $11 billion in assets under a compliant framework, the company said.
On Monday, Nexo announced it has rolled out Bakkt-backed infrastructure, citing $371 billion in global transactions processed to date.
The company blamed an 'impossible environment' after multiple enforcement actions, including from California and New York, and left the U.S. in late 2022 following a 'dead end' in Earn Interest Product negotiations.
The company rolled out a U.S. product lineup that includes fixed and flexible yield programs, an integrated crypto exchange, crypto-backed credit lines, and ACH and wire transfers.
Nexo emphasized scale and compliance by noting its April 2025 return with $11 billion in assets under management and a compliant framework for retail and institutional clients.
The relaunch follows the company's broader global expansion, including the acquisition of Argentina's Buenbit and sponsorships with the ATP Dallas Open and the Audi Revolut F1 Team.