Nexo, a prominent institution in the realm of digital assets, is pleased to declare its inclusion in the International Association for Trusted Blockchain Applications (INATBA). This significant partnership signifies a noteworthy step forward in Nexo’s dedication to influencing the blockchain ecosystem, capitalizing on INATBA’s well-established connections with crucial public sectors in finance and regulation. Through this collaboration, Nexo aims to play an active role in vital domains like regulatory compliance and education.
INATBA, recognized for its crucial role in fostering links between the public sector and the blockchain ecosystem, provides an exceptional platform that closes the divide between private tech firms and regulatory entities. By promoting collaboration, thought leadership, and direct involvement with policymakers, INATBA actively nurtures the responsible expansion of blockchain technology and its regulatory framework.
Established in 2019 under the auspices of the European Commission, INATBA stands as a prominent proponent for the adoption of Blockchain and Distributed Ledger Technology (DLT) both in Europe and worldwide. Recognized for its credibility among regulatory authorities and policymakers, INATBA plays a substantial role in numerous projects and initiatives.
A Milestone for Blockchain Evolution
Nexo is poised to engage actively in INATBA’s working groups and advisory bodies, concentrating on pivotal sectors including finance, legal and regulatory compliance, and education, with a specific emphasis on tax, AML, and the EU’s MiCA framework. Through leveraging their comprehensive industry knowledge, both entities will aid the public sector in formulating policies that foster innovation while safeguarding the security and privacy of blockchain users.
Ricardo Simoes, INATBA Executive Director, said, “We are thrilled to extend a warm welcome to Nexo as the newest member of the INATBA community! Nexo’s unwavering commitment to innovative fintech solutions underpinning blockchain technology perfectly aligns with INATBA’s mission to encourage collaboration and spearhead the global adoption of blockchain. The wealth of expertise Nexo brings is set to enhance our already diverse ecosystem, and we eagerly anticipate a productive collaboration in shaping the future of the blockchain industry, one block at a time.”
Being a member of INATBA, Nexo aligns itself with industry titans like IBM, Deutsche Börse AG, Binance, and numerous others, all ready to play a proactive role in advancing blockchain solutions that emphasize transparency, user trust, and regulatory compliance. This membership underscores Nexo’s commitment to integrating and advancing state-of-the-art technology within the framework of robust legal structures.
Bianca Veleva, Head of Legal and Regulatory Compliance at Nexo, said, “In the face of our growing industry, we felt the need for a partner to assist us in lending a powerful voice to the blockchain space to shape the standards for legal and regulatory compliance – a feat INATBA shines, given its recent impact on crypto-assets regulation in Europe, including direct involvement in definitions within the Markets in Crypto Asset Regulation (MiCA) and Transfer of Funds Regulation (TOFR).”
Nexo is the foremost global institution in the realm of digital assets. Its objective is to optimize the worth and functionality of digital assets through an extensive array of products. These offerings encompass sophisticated trading solutions catering to both retail and institutional clients, the consolidation of liquidity from top-tier platforms, and the provision of adaptable asset-backed credit lines.
In 2022, the company introduced Nexo Ventures, its investment division, which currently oversees a portfolio of over 60 companies. Nexo has facilitated transactions exceeding $130 billion for more than 6 million satisfied users spanning across 200 jurisdictions. Becoming a part of INATBA marks a noteworthy achievement for Nexo. The institution looks forward to a future filled with productive collaborations and groundbreaking innovations within the INATBA community, aiming to establish new standards for the blockchain industry.
