Nexo not worried about SEC regulation says Founder 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
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Updated: Apr. 23, 2022 at 8:10 pm UTC
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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 is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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The Nexo token is the worldโs first dividend-paying asset-backed security token and is backed by the underlying assets of Nexoโs loan portfolio.
Nexo
Since raising $52.5 million in a private sale in 2018, Nexo has processed $80+ billion for 4 000,000+ users across 200+ jurisdictions.
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.