The digital asset management group’s Nexo Ventures subsidiary will target companies operating in the Web3 ecosystem, in areas including blockchain, game finance and metaverse products.

UK-based cryptocurrency asset manager Nexo formed a $150m corporate venture capital and mergers and acquisition arm dubbed Nexo Ventures on Wednesday.

Founded in 2017, Nexo provides crypto financial services, helping users manage and trade digital currencies. It oversees assets for more than 3.5 million customers across some 200 jurisdictions globally, and has handled in excess of $75bn in total.

Tatiana Metodieva, head of corporate finance and investments at Nexo since July 2020, will lead Nexo Ventures. The unit will focus…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.