Nexo wins “Best Use of Crypto and/or Blockchain in Financial Services” at 2022 PAY360 Awards
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LONDON, October 6, 2022 — Nexo, the leading regulated institution for digital assets, has won the 2022 PAY360 Award for Best Use of Crypto and/or Blockchain in Financial Services. PAY360 Awards, now in their 15th year, applauded the innovation and user-friendliness that Nexo’s products continue to put forward for yet another year.
Organized by the esteemed Payment Association, the award ceremony celebrated technological upheaval in the payments industry and recognized the companies that achieve significant advances.
The Best Use of Crypto and/or Blockchain Award is yet another honorable acknowledgment for Nexo and the company’s 360-degree product suite of digital asset management products and end-to-end services, among which the Nexo Card – the first crypto-backed Mastercard card and the company’s signature Instant Crypto Credit Lines.
“At Nexo, our philosophy has always been to find applications to new technology, where it will ultimately provide freedom and solve a real problem by being totally inclusive. We’re delighted to receive this award as it couldn’t align better with what Nexo and our products stand for. We’re thrilled to be at the forefront of cryptocurrency adoption and build products that simply make everyday life easier,” said Kaloyan Yanchev, Head of Payment Methods at Nexo.
The Payment Association, hosting the PAY360 Awards – one of the most prestigious annual events for the UK payments industry – is renowned for being one of the most influential communities in the payments industry. The PAY360 Awards acclaim businesses in a range of categories including Best Consumer Payments Programme, Best Open Banking Initiative, Best Financial Crime Prevention Solution, and Best Lending Initiative.
Nexo is the world’s leading regulated digital assets institution with over $4 billion in assets under management. 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 (Nexo Pro and Nexo Prime), aggregation of liquidity from leading venues, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, all accompanied by top-tier custodial insurance and military-grade security of the Nexo platform. In early 2022, the enterprise launched its investment arm Nexo Ventures, which now boasts over 60 portfolio companies. Nexo has processed $100+ billion for 5,000,000+ users across more than 200 jurisdictions.