## Crypto Lending Platform Nexo Reenters US Market Through Bakkt Partnership After 45M Settlement
Nexo the cryptocurrency lending platform co-founded by former Bulgarian lawmaker Antoni Trenchev has formally reentered the US market three years after paying a 45 million dollar settlement to federal and state regulators and exiting the American retail market. The 2026 comeback represents a structural overhaul rather than a straightforward relaunch with the company now operating through licensed US partners rather than directly offering yield products. The original enforcement action centered on concerns that Nexo Earn Interest Product constituted an unregistered security with the SEC alleging the product met the legal definition of a security requiring proper registration. The new model relies on properly licensed US partners and incorporates SEC-registered investment advisers where required with the Bakkt partnership serving as the cornerstone of the compliance strategy. Bakkt a publicly traded US cryptocurrency firm with regulatory licenses provides the infrastructure through which Nexo channels its US operations effectively shifting from a direct issuer model to a partner-delivered framework embedded within regulated infrastructure.
---
- **Source**: 
- **Sector**: The Vault
- **Tags**: cryptocurrency, crypto-lending, regulation, fintech, blockchain
- **Credibility**: unverified
- **Published**: 2026-03-02 15:08:02
- **ID**: 1526
- **URL**: https://whisperx.ai/en/intel/1526