Insurance on custodial assets by
We lend funds only to borrowers that meet our strict collateralization requirements. This policy distinguishes us from other firms in our sector that issue under- or uncollateralized loans, thus exposing their clients to risk. Even the largest and most trusted institutions do not receive credit from Nexo without sufficient collateral.
To set the standard for transparency in the industry, Nexo is working with Armanino LLP to provide real-time attestations over the company’s custodial holdings. With this reserves audit – a pioneering move for the crypto lending space – we give you the ultimate peace of mind that Nexo is able to meet client obligations at all times.
Nexo deploys market-neutral strategies like collateralized lending, basis trading, and market making. This allows us to maintain a strong liquidity position, meet credit demand, and continue our growth. By offering a holistic suite of products such as the Nexo Exchange, Nexo Prime, and Nexo Ventures we make sure clients’ needs are serviced while generating sizeable revenues.
Through custody partners such as Ledger Vault and Bakkt, among others, Nexo has a comprehensive network of custody and insurance providers. Collectively, they provide insurance protections on custodial assets via the most prestigious underwriters, including Lloyd’s of London, and Marsh & Аrch.
Holding over 50 licenses, Nexo has gone the extra mile in ensuring compliance with the applicable regulatory frameworks. Together with our top-tier legal counsel and engaging proactively with the regulatory decision-makers we ensure the sustainability of our products for years to come.
BitGo is the first Qualified Custodian purpose-built for digital assets and a long-standing Nexo partner, serving primarily the retail side of our business. Private keys entrusted to BitGo are held in military-grade Class III vaults and carry $250M in insurance protections.
Visit WebsiteLedger Vault provides us with institutional-grade self-custody that is accessible 24/7/365 and fully addresses our retail and institutional clients’ needs for instant services. Ledger Vault carries $150M third-party insurance led by the Arch UK Lloyd's of London syndicate.
Visit WebsiteBakkt is a trusted digital asset platform providing Nexo with Bitcoin and Ethereum custody in the Bakkt Warehouse, the company’s regulated custodian, which comprises both online (warm) and air-gapped (cold) digital asset storage to minimize risks. For extra protection, Bakkt’s wallets are covered by an insurance policy from a leading global carrier.
Visit WebsiteAs one of the leading accounting and business consulting firms in the US, Armanino is providing uninterrupted access to industry-standard attest reporting and a snapshot of Nexo’s total assets and liabilities, updated daily.
Visit WebsiteJumio’s eKYC platform uses Informed AI that incorporates large data sets to deliver end-to-end identity verification. The Jumio KYX platform applies biometric-based authentication and AML screening and supports more than 3,500 ID documents across 200 jurisdictions.
Securitize enables ownership, management, and trading of digital securities (security tokens). The company is an SEC Registered Transfer Agent and its DS protocol allows for tokenized securities to be staked as collateral for Nexo’s Instant Crypto Credit Lines™.
AWS provides even the most security-sensitive organizations with reliable cloud infrastructure. ISO 27001 and SOC 2 are just a couple of examples from the list of assurance programs with which AWS complies.
Visit WebsiteCloudflare is a trusted security partner providing protection from critical vulnerabilities and threats, safeguarding network infrastructure against layer 3 and layer 4 DDoS attacks, and securing our team’s devices, networks, and internal applications.
Visit WebsiteNexo.com is 256-bit SSL secured, thus employing one of the most solid encryption methods used in modern encryption algorithms, protocols, and technologies.
The SOC 2 compliance framework gauges the levels of security and protection of customer data. Type I evaluates an organization’s internal controls related to financial reporting, and Type II measures its preparedness to handle and protect customer information and data.
Visit WebsiteThe CCSS is an open security standard for cryptocurrency storage and usage within an organization. The standard has three levels of security. The highest one– Level 3– requires multiple actors for all-critical actions, employs advanced authentication mechanisms, and distributes assets geographically and organisationally.
Visit WebsiteISO/IEC 27001:2013 Certified Information Security Management System comprises requirements for information security management systems (ISMS) and enables organizations to manage the security of financial information, intellectual property, employee details, or information entrusted by third parties.
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To underpin the robustness of the enterprise, Nexo is making use of our partners' enterprise solutions which incorporate the Cryptocurrency Security Standard Level 3. The CCSS Level 3 requires multiple actors for all-critical actions, as advanced authentication mechanisms are employed to ensure the authenticity of data, while assets are distributed geographically and organizationally.
Your personal information is contained behind secured networks and is only accessible to a limited number of persons who are required to keep the information confidential. Аll sensitive/credit information you supply is encrypted via Secure Socket Layer (SSL) technology.
Nexo implements a variety of security measures when users enter, submit, or access their information.
ISO/IEC 27001 guarantees that Nexo’s security infrastructure is of the highest standard, thus ensuring the safety of the enterprise and minimizing risks for all clients and investors. Being ISO/IEC 27001 certified, Nexo is now raising the bar for the entire blockchain space, by utilizing the most rigorous security policies, impeccable risk assessment, data protection, and state-of-the-art cybersecurity.
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