Swap NEXO at the Best Rate

What is NEXO?

NEXO is the platform token of Nexo, a centralized digital-asset lender founded in 2018 that offers interest-bearing accounts, crypto-backed credit lines, an exchange and a card. The token is not equity and does not run a protocol; its job is to price loyalty. Nexo classifies each client into Base, Silver, Gold or Platinum depending on the share of NEXO in their portfolio, and the tier sets the client's rates across the platform.

The token began as something different: the 2018 offering marketed NEXO as a dividend token entitled to 30% of company profits. Dividends were paid in 2018 and 2019, after which the company retired that model in favor of daily interest payouts and the tiered loyalty program that stands today.

How NEXO works

The tier thresholds are proportional, not absolute: Silver requires at least 1% of the portfolio in NEXO, Gold 5% and Platinum 10%. Higher tiers earn better deposit rates, pay lower loan rates, receive more cashback on card spending and swaps, and Platinum adds free monthly withdrawals. Clients can also opt to receive interest in NEXO for a rate bonus.

Everything runs inside the company's platform. NEXO the token moves on Ethereum and other networks like any ERC-20, but the benefits attach to balances held with Nexo, which custodies client assets, sets the terms and adjusts rates and tier mechanics as it sees fit.

NEXO supply and tokenomics

Supply was fixed at 1 billion NEXO in the April 2018 token sale, which raised 52.5 million dollars; just over half the supply was sold, with the remainder split between an overdraft funding reserve, the team and community programs. No mechanism mints new tokens.

The company has periodically bought its own token back. A 12 million dollar program ran from late 2020, and a 100 million dollar buyback announced on 15 November 2021 completed on 18 May 2022, with repurchased tokens vesting in an Investor Protection Reserve for at least twelve months before use in interest payouts or strategic deals.

Who builds NEXO

Nexo was founded by Antoni Trenchev and Kosta Kantchev, who came from Credissimo, a Bulgarian consumer-lending fintech founded in 2007; early Nexo branding read Powered by Credissimo, though the companies are legally separate. The operating entity for the token's products, Nexo Capital Inc., is incorporated in the Cayman Islands, and the wider Nexo group spans European subsidiaries with much of the team historically in Sofia.

The company reports serving millions of clients globally and remains privately held, so its financial statements are not public. Reserve or solvency attestations are published at the company's discretion rather than mandated by a token contract.

How NEXO is governed

There is no token-holder governance. Nexo the company decides the loyalty tier mechanics, interest and borrowing rates, supported assets, buybacks and the terms of service, and it can change any of them without a vote. Holding NEXO confers platform benefits, not control, so the token is closer to a pricing instrument than to a governance asset.

NEXO risks and considerations

NEXO concentrates issuer and platform risk. The token's benefits exist only while Nexo operates and honors them, and clients' assets sit with a private, unlisted custodian. Regulators have already reshaped the business once: after charging its Earn Interest Product as an unregistered security, the SEC and US state regulators settled with Nexo for 45 million dollars in January 2023, and the company exited the United States entirely.

That exit reversed later: Nexo announced a US return in April 2025 and formally relaunched there in February 2026 with trading infrastructure provided by Bakkt. The episode shows both the regulatory sensitivity of the model and how quickly availability can change by jurisdiction, so check what Nexo may legally offer where you live before relying on tier benefits.