Nexo platform means more responsibility, which is why they’ve got a amazing partnership with Ledger Vault to further boost our security and insurance.
Nexo is designed for, immediate execution of transactions, flexibility, and user-friendliness. As such, we require a innovative solution that combines instant access to funds, full independence from cold storage, and the most secure, multi-signature storage technology.
Ledger Vault ticks all these boxes, providing a flexible and elegant solution that enhances the efficiency of operations on the Nexo platform, ultimately making there clients’ experience even faster, smoother and safer.
Implementing Ledger Vault’s solutions also increases Nexo’s insurance. The Vault insures digital assets for up to $150 million through a customized insurance program backed by Arch and Marsh.
With the added coverage from this new partnership, Nexo’s total insurance portfolio now amounts to $375 million. This upgrade is a part of Nexo’s broader plan to increase our insurance to over $1B in 2021 via a syndicate of leading insurers.
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