Nexo Partners With Bakkt to Relaunch Crypto Services in the U.S. After SEC Settlement - Crypto Economy

TL;DR

• Nexo is relaunching its crypto services in the U.S. after exiting the country in 2022 due to regulatory hostility. The company’s U.S. headquarters will be located in Florida.
• The platform will operate using Bakkt’s infrastructure and licensed service providers, offering yield programs, an integrated exchange, crypto-backed credit lines, and a loyalty program.
• The platform manages $11 billion in assets.

Nexo is returning to the U.S. crypto market after more than three years outside. The company exited in 2022, citing regulatory hostility under the SEC administration and the lack of a clear path for blockchain businesses. Its reentry became possible after a period of recalibration and is supported by a more defined regulatory framework. The U.S. headquarters will be in Florida, with a management team to be announced soon.

Trading infrastructure will be provided by Bakkt, a U.S.-based platform focused on institutional clients. The U.S. offering is structured through partnerships with licensed providers, including services delivered via a third-party SEC-registered investment adviser. Nexo clarified that the relaunch will not involve reinstating discontinued products, such as the Crypto Earn program.


Available Products

The available services include flexible and fixed-term yield programs, an integrated exchange for buying and selling crypto assets, crypto-backed credit lines with flexible repayment options and support for multiple collateral types, and a loyalty program. The platform will also allow deposits and withdrawals in crypto and fiat via ACH and wire transfers.

Nexo currently manages $11 billion in assets and has processed over $371 billion in global transactions. The company emphasized that it operates under a regulatory framework designed to ensure participation of sophisticated capital under institutional standards.


Nexo Settled Agreements and Paid Fines

In 2023, Nexo reached a $45 million settlement with the SEC for failing to register its crypto lending product for U.S. users. It also resolved a $22.5 million multi-state settlement, and California imposed a $500,000 fine for unlicensed lending, which the company said does not reflect its current operations.

Its return coincides with legislative initiatives in Washington, such as the CLARITY Act, which aims to define how U.S. regulators will oversee crypto assets, although consensus has not yet been reached in the Senate. The company seeks to operate in markets where regulatory frameworks evolve, institutional standards are clear, and innovation can develop responsibly.

The relaunch was originally announced in April 2025 at an event featuring Donald Trump Jr. as the keynote speaker. The company has secured strategic international expansions, including sports partnerships in the U.S. and the acquisition of Buenbit in Argentina. Nexo highlights that its infrastructure is designed for institutional crypto asset management, with services tailored for advanced portfolios and long-term liquidity needs