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…

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