June 10, 2021 10:08 PM Eastern Daylight Time
LONDON– (BUSINESS WIRE) – Nexo, a leading digital asset regulated institution, has engaged the services of Armanino LLP, one of the largest US accounting firms and a global leader in digital asset solutions, to secure certification in real-time of the custody holdings of the company.
“We are excited to be able to work side by side with the Nexo team to realize their resounding commitment to offer the most reliable crypto loan to global clients.”Tweet this
Thanks to Armanino’s TrustExplorer certification platform, Nexo will be able to offer investors, clients and regulators the highest level of trust in the market, with permanent access to industry standard certification reports and a snapshot of assets and liabilities Nexo totals, which is updated daily.
These certification procedures comply with the standards of the American Institute of Certified Public Accountants and the results will eventually be released through Nexo channels. The complete information will be expressed in US dollars, with an open panel of assets and liabilities, on-demand reports and other data and will be publicly accessible once the certification commitment is concluded.
“Because a self-regulating space means more transparency and not less, offering accurate information on public reserves is an inescapable requirement for companies that were founded to operate crypto. We are happy to have opened our books so that Armanino, a skilled accounting firm with an impressive digital assets practice, can verify that our company’s assets exceed liabilities at all times and demonstrate the level of seriousness with which we treat our clients. at Nexo ”, commented Antoni Trenchev, co-founder and managing partner of Nexo.
“We are excited to be able to work side-by-side with the Nexo team to realize their resounding commitment to offering the most reliable crypto loan to global clients,” explained Noah Buxton, Armanino Digital Assets Practice Leader. “The spirit of the Nexo team impressed us from day one and reaffirmed our belief that crypto assets enhance trust and transparency vis-à-vis customers and markets relative to traditional financial products. Innovation and self-regulation are the right way for the future ”.
Being able to ensure a higher level of public accountability is a decisive step towards realizing the potential of space auditability of digital assets. For this reason, Nexo has undertaken an initiative to improve transparency and corporate governance throughout the year, which includes monthly question and answer sessions, a proposal related to corporate governance, and a public page for licenses and registrations.
As they are adapted by the cryptocurrency ecosystem to current legal frameworks, Nexo can proudly say that it is leading the way, not only in meeting the strictest industry standards, but also in exceeding them and setting the bar high for all space.
Nexo is the world’s leading regulated financial institution in digital assets. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines ™, highly profitable cryptocurrency and fiat money products, an instant exchange service, and sophisticated credit card capabilities. Stock and over-the-counter operation, with the military-grade security and top-level custody insurance of the Nexo Wallet. Nexo has processed more than US $ 3 billion for approximately 1.5 million users in more than 200 jurisdictions.
Official website: https://nexo.io
About Armanino LLP
Armanino LLP (www.armaninollp.com) is one of the 25 largest accounting and business consulting firms in the United States. Armanino’s Trusted Node services are a blockchain-based data service that aims to reduce the burden on ecosystem participants to host their own full, file, or mirror nodes, as well as increase access to transaction balance data. and much needed wallet. Armanino offers companies an integrated suite of auditing, tax, business management, consulting and technology solutions in the US and globally. The firm helps clients adapt and evolve at every stage of the business, from start-up to accelerating growth and selling a business. Armanino emphasizes smart technology, leading a revolution in the cloud of financial, operational, sales, and compliance tools that are transforming the way businesses do business. The firm provides international services in more than 100 countries through its membership in Moore Global, one of the world’s leading partner accounting and consulting services organizations. In addition to his core consulting and accounting practices, Armanino operates his division, AMF Media Group ( one of the world’s leading partner accounting and consulting services organizations. In addition to his core consulting and accounting practices, Armanino operates his division, AMF Media Group ( one of the world’s leading partner accounting and consulting services organizations. In addition to his core consulting and accounting practices, Armanino operates his division, AMF Media Group (www.amfmediagroup.com ), a press and communications services agency. Its subsidiary, Intersect Capital ( www.intersectcapitalllc.com ) is an independent financial planning, wealth and lifestyle management company.
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Nexo Press Contact:
Stella Zlatareva HR
PR Team by Nexo