Nexo, the leading regulated institution for digital assets, has commissioned Armanino LLP, one of the largest accounting firms in the U.S. and a global leader in digital asset solutions, to provide
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Place/Date: LONDON - March 11th, 2021 at 2:00 pm UTC · 3 min read
Nexo, the leading provider of financial services for digital assets, has made a substantial donation of $150,000 to Brink, a 501(c)(3) nonprofit organisation focused on supporting open source Bitcoin development through funding, education, and mentoring.
Brink administers several programs aimed at providing financial support to developers and researchers working on Bitcoin. Its Brink fellowship program introduces exceptional developers from other fields to the world of Bitcoin development, while the grants program supports existing Bitcoin Core contributors.
Nexo’s donation of $150,000 matches or exceeds previous commitments to Brink by Jack Dorsey’s Square, Gemini, Kraken and the Human Rights Foundation. The funds will be deployed later in the month to support an independent Bitcoin developer through the Grants program.
NEXO Token Marks 440% Growth in First Nexonomics Phase
Nexo records $4B+ in AUM as new clients bring $762.6M to the platform in December alone Nexo, the leading financial institution for digital assets, today announced the interim results of its tokenomics overhaul, Nexonomics. The initiative, unveiled on October 28, 2020 and set to continue over 2021, comprised a series of features for the native NEXO Token designed to drive its utility, boost its value in the digital economy, and underpin its sustainable tokenomics model.
Within two months of Nexonomics launch, the NEXO Token marked growth of 440% to achieve a new all-time high of $0.76. Increased desirability and demand for the company s token contributed to Nexo doubling its assets under management in the third quarter of 2020, to reach $4 billion in assets under management and over $5 billion processed.