Nexo launches Personal USD Accounts, enabling direct USD bank transfers globally.
SWIFT integration allows secure cross-border transfers with multi-currency management.
Nexo plans to add ACH and Domestic Wire services for US clients in the future.
Nexo, a leading digital asset management platform, has announced the launch of Personal USD Accounts, a significant step toward simplifying the integration of traditional finance with the growing digital asset space.
This new service will be available to users in over 150 countries, allowing them to directly access USD bank transfers to and from accounts in their own name.
This is part of Nexo’s broader strategy to enhance its multi-currency account offerings, which already include USD, EUR, and GBP.
Bridging the gap between digital assets and traditional banking
The introduction of Personal USD Accounts marks a milestone in Nexo’s mission to bridge the gap between traditional banking and digital asset management.
By enabling direct bank transactions under users’ names, the platform offers enhanced transparency and security, especially for institutional clients and high-net-worth individuals seeking easy-to-use, transparent financial solutions.
Elitsa Taskova, Nexo’s Chief Product Officer, highlighted that the move brings “independence, transparency, and security” to USD top-ups and withdrawals, making bank transfers more accessible and familiar for digital asset investors.
Key features of Nexo’s Personal USD Accounts
One of the key features of Nexo’s Personal USD Accounts is its integration with SWIFT, the global financial messaging system. This allows for secure and efficient cross-border transfers, addressing the needs of businesses and individuals operating in a globalized economy.
Additionally, Nexo’s platform enables seamless multi-currency management, with users able to handle USD, EUR, and GBP accounts in one unified view, simplifying asset tracking and eliminating the need for multiple accounts.
Looking ahead, Nexo plans to expand its offering with domestic transfer capabilities, including ACH and Domestic Wire services, to cater to clients conducting business within the US. This will offer more cost-effective and flexible transfer options, providing a complete banking experience for its global clientele.
With over $7 billion in assets under management and a track record of over $320 billion processed, Nexo continues to redefine the digital asset space, combining advanced technology, security, and customer-centric solutions to empower users worldwide.