Nexo's custody in depth and at length

The short version

Nexo works with institutional-grade custody and infrastructure partners, selected region by region in line with local regulatory frameworks, including Fireblocks globally, Bakkt in the United States, and Tangany in the European Economic Area (EEA).

How your digital assets are held matters as much as what you do with them. Since 2018, Nexo has processed over $465 billion in transactions and collateralized credit, and today manages more than $7 billion in client assets across 200+ jurisdictions.

At that scale, custody is about more than storage. It's about the right partner in the right market. This article walks you through Nexo's setup: who our partners are, the regions they cover, and how they deliver best-in-class services to your Nexo account.

*Latest available data as of Q2 2026

How custody works on Nexo.

Nexo combines a single, easy-to-use platform with institutional-grade custody partners. Assets are managed by institutions whose core business is digital asset custody, while your Nexo account brings everything together, so you can view and use your holdings in one place.

Assets are spread across several custodians and held in a mix of hot and cold storage in different locations. Spreading assets across providers and storage types adds resilience while keeping them available when you need them.

Why does Nexo work with custodians?

Storing digital assets is a specialized discipline, and custodians exist to fulfill this exact need. Nexo works with institutions whose core business is holding digital assets. That is what makes this model beneficial for clients: their assets are held by specialists in custody.

Why is Nexo’s custody set up by region?

Nexo pairs its global platform with partners established in each market, operating under that market's rules. For clients, the experience stays the same: one account, one interface. Behind the scenes, the core infrastructure is the same, and what differs is how each region is set up locally.

Custody partners by region

The breakdown: Our partners and the services we use

Fireblocks (global)

Fireblocks is an institutional digital asset infrastructure provider offering secure wallet, custody technology, and transfer capabilities.

Bakkt (United States)

Bakkt is a publicly listed U.S. digital asset platform, providing trading infrastructure and custody for Nexo’s U.S. clients. Our U.S. lineup includes Flexible and Fixed-term Yield, our exchange capabilities, Crypto-backed Credit Lines, and the Wealth Club. 

Tangany (EEA)

Tangany is a Munich-based digital asset custodian, licensed under MiCAR and regulated by BaFin, Germany's Federal Financial Supervisory Authority. It provides institutional-grade custody to more than 60 institutional clients, with over €3 billion in assets under custody. For Nexo clients in the EEA, Tangany provides custody and administration of crypto-assets. 

Frequently asked questions

1. How does custody work on Nexo?

Custody on Nexo is provided by institutional-grade partners selected by region: Fireblocks globally, Bakkt in the United States, and Tangany in the European Economic Area (EEA). Clients see and manage everything from a single Nexo account, regardless of which partner holds their assets.

2. Who is Nexo's custody partner in the United States?

Bakkt is Nexo's custody partner in the United States. Bakkt is a publicly listed U.S. digital asset platform, and it also provides the trading infrastructure behind Nexo's U.S. relaunch in February 2026. The partnership supports Nexo’s U.S. lineup, including Flexible and Fixed-term Yield, the Exchange, Crypto-backed Credit Lines, and the Wealth Club.

3. Who is Nexo's custody partner in the EEA?

In the European Economic Area, Nexo works with Tangany, a Munich-based digital asset custodian, licensed under MiCAR and regulated by BaFin, Germany's Federal Financial Supervisory Authority.

4. Which custodian does Nexo use outside the US and EEA?

Outside the United States and the EEA, Nexo's custody partner is Fireblocks – an institutional digital asset infrastructure provider offering secure wallet, custody technology, and transfer capabilities.

5. Why does Nexo use different custodians in different regions?

Nexo uses different custodians in different regions because digital asset regulation varies by market. Working with partners established in each jurisdiction aligns Nexo's global platform with local regulatory frameworks. For clients, the experience stays the same: one Nexo account and one interface, backed by a shared core platform and regional custody arrangements.

6. Is Nexo available in the United States?

Yes, for eligible clients in supported states. Nexo returned to the United States in February 2026, relaunching through regulated partners. Bakkt, a publicly listed U.S. digital asset platform, provides trading infrastructure and custody for Nexo’s U.S. clients. Eligible U.S. clients can access Flexible and Fixed-term Yield, the Exchange, Crypto-backed Credit Lines, and the Wealth Club, with on- and off-ramps via ACH and wire transfers.

These materials are for general information only and are not financial, legal, tax or investment advice, or an offer, solicitation, or recommendation to use any Nexo Services. Services may not be available in all jurisdictions.

Digital assets are highly volatile and high-risk, and you may lose all of your invested capital. They are not money or legal tender, are not backed by any government or central bank, and are not covered by deposit-guarantee schemes. Past performance is not a reliable indicator of future results. Individual products have their own terms. Custody arrangements do not remove market risk. 

For clients in the United States: services are provided by various U.S. entities, including Gravitalix Financial, LLC, a registered Investment Adviser with the SEC. Services are not available in all U.S. states.

For clients in the EEA: custody services are provided by Tangany GmbH (HRB 246113, Munich; authorized under MiCAR) and trading services are provided by DLT Securities GmbH (HRB 130132, Frankfurt am Main; authorized under MiFID II and MiCAR). Nexo is not itself a regulated investment firm.

Yield is not guaranteed, digital assets are not FDIC- or SIPC-insured, and Credit Lines carry margin call and liquidation risk. Products and availability vary by state.