Nexo Is Back in the U.S. After Three Years Away

After nearly three years on the sidelines, digital asset lender Nexo has officially relaunched its services in the United States.

The company’s return follows a period of regulatory disputes that forced its exit in late 2022. This time, Nexo is re-entering the market through a strategic partnership with Bakkt, aiming to ensure its offerings align with current U.S. compliance standards.

The move signals a notable shift, not only for Nexo but for the broader lending sector that faced heavy scrutiny over the past cycle.

What Services Are Returning?

Nexo is bringing back a range of core products for both retail and institutional clients in the U.S.:

Yield Programs

Users can access fixed and flexible yield accounts, replacing the former “Earn Interest Product” that drew regulatory attention.

Crypto-Backed Credit Lines

Borrowers can take out loans using cryptocurrency as collateral, allowing access to liquidity without selling holdings.

Integrated Exchange

The platform includes built-in trading infrastructure supporting more than 100 digital assets.

Fiat On/Off-Ramps

Support for ACH and wire transfers enables seamless dollar deposits and withdrawals.

The structure of the relaunch appears more compliance-focused, reflecting lessons learned from earlier regulatory conflicts.

The Regulatory Backdrop

Nexo exited the U.S. in December 2022 after facing pressure from federal and state regulators over its interest-bearing accounts.

In January 2023, the company paid $45 million to settle allegations from the U.S. Securities and Exchange Commissionand multiple state authorities that its interest products were unregistered securities.

More recently, on January 14, 2026, Nexo reached a $500,000 settlement with the California Department of Financial Protection and Innovation related to historical lending activity between 2018 and 2022.

Despite these past enforcement actions, Nexo Co-founder Antoni Trenchev cited what he described as a “more favorable environment for innovation” as a key reason for the company’s return.

Financial Position at Re-Entry

As of early 2026, Nexo reports managing approximately $11 billion to $15 billion in assets under management (AUM).

Platform data shows that Bitcoin remains the dominant collateral asset, accounting for roughly 54–60% of total collateral on the platform.

A Broader Signal for Crypto Lending?

Nexo’s relaunch could indicate improving regulatory clarity for crypto lending models in the United States. However, the company’s history of settlements also underscores how closely regulators continue to monitor yield and lending products.

For now, the message is straightforward: Nexo is back, but under a structure designed to align more closely with U.S. compliance expectations.

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