Nexo Invests in US Broker-Dealer Texture Capital

Nexo Invests in US Broker-Dealer Texture Capital

The cryptocurrency company, Nexo announced on Tuesday that it has made a strategic investment in the parent 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 company’s seed funding round following its establishment in 2019.

With the investment, Nexo is aiming to expand its institutional service offering through an extensive range of partners. Nexo primarily focuses on its crypto lending services, and the investment into a regulated broker-dealer will broaden its compliance capabilities and products to US customers, the company detailed.

“Nexo invests actively across geographies and segments to expand its strategic presence, technological solutions framework and regulatory readiness in the digital asset ecosystem,” said Tatiana Metodieva, Head of Corporate Finance and Investments at Nexo.

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“Texture’s growth strategy, service orientation and compliance foresight align well with Nexo’s vision for the US 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 company targets accredited and institutional investors.

Furthermore, the official announcement has detailed that the partnership between the two will enhance the offerings of Texture Capital with advanced DeFi capabilities through Nexo’s turnkey solutions for managing crypto assets and extensive blockchain expertise.

“We are delighted to welcome Nexo as an investor in our seed round,” Richard Johnson, Founder and CEO of Texture Capital, said in a statement. “Nexo has built an impressive, global crypto business, and we look forward to partnering with them as Texture continues to build on our vision to revolutionize capital markets leveraging blockchain technology and DeFi.”