Nexo partners with Bakkt to return to the US market

Crypto lending platform Nexo has announced a partnership with Bakkt to leverage Bakkt's digital asset trading infrastructure to provide a framework that complies with US law for its products, officially returning to the US market. Bakkt was founded by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. In 2023, the US Securities and Exchange Commission accused Nexo of failing to register the issuance and sale of its Interest Earning Products (EIP). Nexo accepted the cease and desist order but did not acknowledge or deny that the EIP was an unregistered security.