Nexo set to launch their own non-custodial smart wallet Nexo set to launch their own non-custodial smart wallet
The Nexo Wallet allows users to send, swap, receive, and store assets while maintaining their own identity ownership.
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Updated: Jan. 9, 2023 at 3:21 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Nexo is set to launch its own multifunctional, non-custodial, EVM-compatible smart wallet dubbed ‘The Nexo Wallet.’
This self-governed wallet will also function as an identity wallet, allowing users to use Non-Fungible Tokens (NFTs) and the Ethereum Name Service (ENS) to build up, and utilize the benefits of their self-governed Web3 profile. This self-governed setup ultimately allows users to retain ownership of their identity profile, which centralized companies almost always retain.
The Nexo Wallet offers a user-friendly solution for sending, receiving, swapping, and storing digital assets across five blockchains: Ethereum, Polygon, Binance Smart Chain, Fantom, and Avalanche-C.
Employing on-chain services, the wallet will also provide other functional features, including minimizing gas fees, ensuring the best prices for in-wallet swaps, and aggregating users’ balances across various other wallets into a seamless interface.
Having faced and promptly resolved rumors of insolvency – due to a ‘real-time audit’ technical malfunction – Nexo cemented its inclination towards a user-governed future by introducing The Nexo Wallet.
At press time, interested users can sign up for early access.
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Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
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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
Nexo is a leading global financial institution specializing in digital asset services, particularly focusing on cryptocurrency lending, exchange, and financial management solutions.