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Nexo Joins Colombia Fintech Association as Strategic Member

Author: Content Editor
Nexo, a leading digital assets institution, has joined the Colombia Fintech Association as a strategic partner. Nexo's membership in the association will allow for deeper integration into Colombia's financial ecosystem. The country's growing fintech scene, driven by factors such as a growing middle class and demand for stablecoins, presents a unique opportunity for Nexo. The company has already established a significant presence in Colombia, issuing over $34 million in credit and paying out $1.5 million in cryptocurrency yields. Nexo's partnership with Colombia Fintech highlights the growing recognition of the country's Web3 ecosystem and aims to drive financial innovation. The move follows a notable trend of increased client demand from Colombia for Nexo's cryptocurrency yield offerings. Additionally, Nexo Ventures, the company's investment arm, has recently backed a successful local PayTech start-up called Zulu.

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