Nexo

NEXO is run by Nexo, a centralised company, not an open developer community. The token is a simple ERC-20 contract with source on GitHub (three commits) and a 2019 audit by Callisto Network. The business keeps expanding: Nexo returned to the US in February 2026 with Bakkt providing trading infrastructure, said in July 2026 that it serves the EEA through MiCAR-licensed partners Tangany and DLT Finance, and launched stock trading in September 2026. Data on the management team, staff and funding is insufficient in the reviewed facts, and Nexo publishes no revenue breakdown.

• nexofinance/NEXO-Token (GitHub)
• Nexo Returns to the U.S. (Nexo blog)
• Nexo Reaffirms EU Compliance (Nexo blog)
• Nexo Stocks: How to trade U.S. stocks alongside your crypto (Nexo blog)

Ownership is very concentrated. On 27 September 2026 the top 100 addresses held 97.94% of supply. The address Etherscan labels Nexo Corporate Treasury held 21.32%, the Investor Protection Reserve 11.48%, three other Nexo-labelled wallets about 15.4%, and the old allocation addresses another 35.4%. One unlabelled address held exactly 10%. There is no ETF or other regulated investment product in the facts. In 2023 Nexo paid $45 million in total penalties to the SEC and state regulators over its US Earn Interest Product, settling without admitting or denying the findings.

• Etherscan: NEXO token holder chart (top holders)
• Etherscan: NEXO balance of Nexo: Investor Protection Reserve
• Nexo Agrees to Pay $45 Million in Penalties and Cease Unregistered Offering of Crypto Asset Lending Product (SEC press release 2023-11)

The NEXO contract fixed supply at 1 billion tokens in 2018 and has no mint function. All vesting schedules in the code ended years ago, but about 353.9 million NEXO (35.4%) still sit in placeholder allocation addresses that only the contract owner can withdraw from. CoinGecko counts the full 1 billion as circulating. Nexo has run token repurchase programmes, including $100 million completed in 2022 and another $50 million allocated in August 2022, and places repurchased tokens in the Investor Protection Reserve. These tokens may later fund interest payouts in NEXO. Holding NEXO sets a client's loyalty tier, and Nexo advertises up to 12% yearly interest on NEXO placed in savings, paid from company funds.

• nexofinance/NEXO-Token: NexoToken.sol
• Etherscan: NEXO token holder chart (top holders)
• Nexo Commits Extra $50 Million to Long-standing Buyback Initiative (Nexo blog)
• NEXO Token (Nexo)
• Nexo Loyalty Program

NEXO has no chain of its own; its use happens mostly inside the Nexo platform. Nexo says it has processed more than $371 billion in transactions since 2018, and on-chain data cited by crypto.news show users borrowed about $863 million of credit between January 2025 and January 2026. On Ethereum, the token had about 71,050 holder addresses and only about $2.3 million of 24-hour trading volume on 27 September 2026, small for an $872 million market value. Nexo does not publish independent reserve data in the reviewed facts, so platform health cannot be checked on-chain.

• Nexo Returns to the U.S. (Nexo blog)
• Crypto lender Nexo returns as U.S. regulatory climate evolves (crypto.news)
• Etherscan: Nexo (NEXO) token