Nexo has officially resumed its operations in the United States, marking a full return to the market after withdrawing in late 2022. The company made the announcement during a private business event that featured Donald Trump Jr. and Israel’s Minister of Innovation, Science, and Technology, Gila Gamliel.

Nexo, which currently manages around $11 billion in assets, unveiled a refreshed lineup of products targeting both retail and institutional clients. Co-founder Antoni Trenchev described the move as a major step forward, stating, “America is back, and so is Nexo.” Trenchev credited the Trump administration’s regulatory environment for fostering innovation in digital finance.

Nexo’s Expanded Offerings for U.S. Customers

Following its re-entry, Nexo has launched several products for U.S. users:

These offerings reflect a broader strategy to provide comprehensive digital asset banking solutions under the evolving U.S. regulatory framework.

Market Conditions Driving Nexo’s Return

Nexo’s re-entry comes amid a broader recovery in the crypto lending sector. In 2022, the company paused its Earn Interest product across eight U.S. states and halted new user registrations nationwide due to regulatory pressures. The wider crypto lending market saw major disruptions, with several competitors exiting or facing bankruptcy.  

Related: Crypto Loans Rebound to $581M in 2023, Reflecting 55%+ Growth

Recent data from DeFiLlama shows a rebound. As of April 2025, total value locked (TVL) in crypto-backed lending platforms surpassed $15 billion, a 53.1% increase from $9.8 billion at the end of Q4 2024. Renewed institutional and retail interest in crypto lending appears to have stabilized the sector.

Trump Jr. Emphasizes Digital Assets in Economic Growth

During his keynote at the event, Donald Trump Jr. highlighted the rising role of digital assets in strengthening the U.S. economy. He called for a regulatory environment that supports entrepreneurship and innovation, asserting that leadership in digital markets is critical for maintaining America’s global economic position.

The remarks align with the broader political narrative that emerging technologies, including cryptocurrencies, are essential components of national competitiveness in the coming decade.