Nexo Acquires Stake in SEC-Registered US Broker-Dealer Texture Capital
Nov 09, 2021•2 min read
In line with our mission to build long-term, mutually beneficial partnerships that propel our industry forward, Nexo has recently acquired a stake in Texture Capital Holdings Corp., parent company of Financial Industry Regulatory Authority (FINRA) member and SEC-registered broker-dealer Texture Capital. This investment is part of Texture Capital’s seed funding round.
Texture Capital offers a regulated, blockchain-enabled marketplace that caters to accredited and institutional investors and enhances private capital liquidity. Founded in 2019, the company holds a near-unique set of broker-dealers licensed for issuance and trading of Digital Asset Securities in addition to being registered in all 50 US states as well as several territories.
Partnership Benefits for Nexo & Texture Capital
Our stake in Texture Capital greatly broadens Nexo’s compliance capabilities by opening up potential for the broker-dealer licensing needed to offer our Earn suite, Exchange product, and professional-orientated trading services to a wider range of US clients. Nexo’s strategic investment in Texture Capital could make Nexo the first-ever crypto lender to have a broker-dealer license.
The deal is also part of a global strategy to expand Nexo’s services through an extensive range of partners specialized in advanced investment banking operations for digital assets such as Texture Capital with its Alternative Trading System (ATS) and licensure. Reciprocally, the partnership gives Texture the potential to enrich its operations with complex DeFi capabilities through Nexo’s turnkey solutions for managing crypto assets and our team’s extensive blockchain expertise.
The Bigger Picture
Nexo invests actively across geographies and segments to expand its strategic presence, technological solutions framework, and regulatory readiness in the digital asset ecosystem. Texture’s growth strategy, service orientation, and compliance foresight align well with Nexo’s vision for the US market. We expect this partnership to further strengthen Nexo’s commitment to state-of-the-art execution and service to its community.
– Tatiana Metodieva, CFA, Head of Corporate Finance and Investments at Nexo on the new partnership.
We are delighted to welcome Nexo as an investor in our seed round. 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.
– Richard Johnson, CEO and Founder of Texture Capital.
At Nexo, we place a huge emphasis on both license acquisition and developing our thriving investment arm. Our new stake in Texture Capital addresses both these corporate priorities and thus carries great weight for Nexo’s future. We are incredibly excited to take our partnership with Texture Capital to the next level and begin actively using their capabilities to broaden and grow our product suite.