Nexo

NEXO is the token of Nexo, a crypto lending and savings platform; holding it raises a client's loyalty tier.

NEXO is the token of Nexo, a company that runs a centralised crypto platform. Its main services are savings accounts that pay interest on deposited crypto, credit lines that lend money against crypto collateral, an exchange and payment cards. NEXO has no blockchain of its own: it is a token on Ethereum, created on 20 April 2018, and also issued on a few other networks.

The supply is fixed at 1 billion NEXO and no more can be created. Nexo still controls much of it: about 35% sits in the original allocation addresses, which only the contract owner can release, about 21% in the company treasury and about 11% in a reserve that holds tokens Nexo has bought back.

The token's main job is to set a client's loyalty tier. The more of a client's portfolio is held in NEXO, the higher the tier: at least 10% gives the top tier. Higher tiers earn more interest on savings, pay less interest on loans and get more cashback. Clients can also earn interest on NEXO itself, and get a bonus if they take interest in NEXO. Until 2021 Nexo paid holders 30% of its net profit as dividends; a holder vote replaced that with daily interest.

In January 2023 Nexo paid $45 million to settle US charges that its interest-earning product was an unregistered security, and it left the US. It returned in February 2026 through regulated US partners. In the EU it says it works through two partners licensed under the MiCA rules, rather than a licence of its own.