Nexo’s Regulations and Licenses

Official Where is Nexo registered and is it regulated?

The Nexo Group has legal entities in various locations throughout the world, in order to service 200+ jurisdictions in the most efficient manner and is in compliance with all applicable global and local regulations. Please rest assured that Nexo is compliant everywhere it provides services and retains top-tier legal counsels in the jurisdictions of its…

Official In which jurisdictions is your product available?

While Nexo is a global company, there are specific jurisdictions in which we do not operate: Bulgaria The Central African Republic Cuba Estonia Iran The US state of Alaska The US state of New York The US state of Vermont North Korea Syria Please note that some products and/or services may be unavailable in certain…

Official Security and Insurance

Nexo partners with the foremost providers of security in the blockchain space, including BitGo, Ledger Vault and Bakkt, among others. Collectively, they carry $775M in insurance protections for digital assets held on the Nexo platform via the most prestigious syndicates of underwriters. Our partners BitGo BitGo, the leader in digital asset financial services, is our…

Is NEXO compliant with the SEC?


Could SEC investigate NEXO the same way they did with Ripple (XRP)?

Nexo is registered and compliant with the SEC when they did their ICO (Initial Coin Offering), there is nothing to worry about.

What is NEXO’s insurance?

Nexo use BitGo ( as their cold storage provider. This includes a $100m (Update: now $250m) policy that covers third-party hacks, theft, loss of keys, etc. The safety of clients funds is the main priority for Nexo. Cold storage Wallets are provided by BitGo, the leader in digital asset financial services. BitGo Custody carries $250,000,000.00…

Why is their insurance only for $775m if they have $12B+ in assets under management (AUM)?

(Previously $375m, now $775m) They don’t keep the all of their assets in the one wallet. Their custodian, BitGo, keeps funds in many smaller wallets – the likelihood of all those wallets being hacked at the same time is something approaching zero.

Are there any details on Nexo’s bank license?

In the latest AMA, they announced the bank acquisition/license should be around the corner, with a EU license coming first, and a US license after that. No news since then.

What does an ISO/IEC 27001 certificate mean?

Nexo’s information security management system (ISMS) has been successfully audited by CISQ, a member of IQNet and the world’s largest provider of management system certification, and by RINA, who have decades of experience in certifications, ensuing in an ISO/IEC 27001 compliance certificate. This guarantees that Nexo’s security infrastructure is of the highest standard and carries…


At the time of writing, Nexo has licenses in the following countries/states: United States: Money Service Business Registration United States, Alabama: Consumer Credit License United States, Alabama : Money Transmitter License United States, Arizona : Money Transmitter License United States, Arizona : Consumer Lender License United States, Arkansas : Money Transmitter License United States, California…

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