Nexo not worried about SEC regulation says Founder 🚨 This article is 3 years old...
Nexo not worried about SEC regulation says Founder
Founder of Nexo believes they are ahead of the curve when it comes to the competition due to their focus on ensuring they are ready for the regulatory day of reckoning
1 min read
Updated: Apr. 23, 2022 at 8:10 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Nexo founder Antoni Trenchev told us they do not worry about SEC regulation as new rules “create opportunities.” Speaking during Paris Blockchain Week, Trenchev explains, in this exclusive interview, how Nexo has acquired licenses that were not required to stay ahead of the regulatory game in the US.
As their competitors have been forced to remove certain products from their US offering, Trenchev states that he has spent “a lot of money and a lot of time and resources” ensuring that Nexo is ready for the “day of reckoning.” He believes that Nexo is ahead of the curve due to its focus on regulation from “day one.”
Trenchev talks about what he is most excited about in terms of DeFi with a focus on the metaverse. He claims that the metaverse will be different from anything that has come before as it is not simply a layer on top of something that exists. It is an entirely new ecosystem in which to work with web3. He hints at some Nexo products concerning NFTs and some unannounced products related to the metaverse.
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Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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The Nexo token is the world’s first dividend-paying asset-backed security token and is backed by the underlying assets of Nexo’s loan portfolio.
Nexo
Nexo is a leading global financial institution specializing in digital asset services, particularly focusing on cryptocurrency lending, exchange, and financial management solutions.
Antoni Trenchev is the co-founder and managing partner of Nexo, a leading digital asset company best known for providing the world’s first instant crypto credit lines.