Digital asset firm Nexo said in a blog post that it is working with banking giant Citi to integrate other crypto lending platforms hit by the recent market downturn.
Nexo stated that the crypto space is about to enter a phase of mass consolidation, with remaining solvent players, such as Nexo, ready to acquire assets of companies with solvency issues in order to provide immediate liquidity.
Nexo is working with Citibank to ensure best-in-class advice on all acquisitions and liquidity restructuring transactions in order to help distressed investors get their money back as quickly as possible. This goes a long way towards restoring trust in the encryption system, and Nexo’s strong financial position enables it to commit to playing a role in it.
