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Fidelity and Nexo are entering institutional lending market
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Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors.
The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies.
The partnership with Fidelity Digital Assets will allow Nexo to extend its asset portfolio and add a second custody level to its security architecture, according to an announcement. It also enables Fidelity Digital Assets institutional investors access to Nexo's services as well as crypto prime brokerage.
Kalin Metodiev, co-founder and managing partner at
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