Nexo Named “Best Cryptocurrency Wallet” in FinTech Breakthrough Awards for New Non-Custodial Wallet
LONDON - March 23, 2023 – Nexo, the leading regulated institution for digital assets has won “Best Cryptocurrency Wallet” in the annual FinTech Breakthrough Awards for a second consecutive year. The awards program is conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
While long a part of Nexo’s vision for the evolution of personal finance and digital assets, the Nexo Wallet was introduced in late 2022 as the company’s proprietary non-custodial solution.
It came amidst some of the most challenging times of late for centralized entities in the digital assets space, serving as a true testament to Nexo’s commitment to adapt to market needs with flexible, user-oriented solutions.
The Nexo Wallet brought forward a wide variety of innovative features, some of them pioneering in the industry. It’s created to let users store assets, including their NFTs, across five of the most widely-used blockchains, as well as to create and manage their unique Web3 identity. Based on smart contracts with security and user-friendliness as key priorities, the Nexo Wallet introduced transaction batching and the ability to pay transaction gas fees with non-native tokens. Other key features of the Nexo Wallet include the ability to aggregate portfolios and connect multiple non-custodial wallets under a single Web3 identity.
“It’s a great honor to once again receive this award from FinTech Breakthrough. Our DeFi, non-custodial wallet has been developed to suit both experienced crypto enthusiasts and individuals, who are just beginning their journey in Web3 and digital asset self-custody,” said Antoni Trenchev, Nexo Co-founder and Managing Partner.
“We’ve managed to deliver a solution to those looking for complete control and independence in crypto, putting it forward as an all-encompassing solution for our clients’ needs in DeFi”, Trenchev added.
“Non-custodial wallets serve as the main entry point for users opting to self-custody their assets and interact with blockchain applications. With a non-custodial wallet, users can execute transactions on DEXs, trade NFTs, swap tokens and more. This has created the need for smart wallets -which are non-custodial wallets - controlled through smart contracts that allow for an ecosystem of asset management features to be built on top. The ideal smart wallet allows users - both new and experienced - to take advantage of transaction batching, wallet aggregation, and paying gas fees with non-native tokens,” said James Johnson, Managing Director, FinTech Breakthrough. “All of this can be found on the Nexo Wallet which stands out with how it facilitates swapping crypto, provides a decentralized Identity, and aggregates all your assets in a single dashboard under that one Identity. Congratulations for the second straight year on being our choice for ‘Best Cryptocurrency Wallet.’”
Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In early 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 5,000,000+ satisfied users across more than 200 jurisdictions.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Media Contact for Nexo