Nexo acquires a minority stake in Summit National Bank, which is regulated by the Office of the Comptroller of the Currency in the United States

According to ChainCatcher news and reported by CoinDesk, the cryptocurrency lending platform Nexo has acquired a minority stake in Summit National Bank, which is regulated by the Office of the Comptroller of the Currency (OCC).

Nexo stated that this transaction will expand its operations in the United States, allowing the company to offer bank accounts, loans, and credit card services to retail and institutional clients. Customers of Summit National Bank will also be able to access Nexo's crypto services. (source link)