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Nexo Names Lorenzo Pellegrino Chief Banking Officer to Advance Global Infrastructure Strategy
Digital asset platform Nexo has appointed Lorenzo Pellegrino as its Chief Banking Officer, marking a strategic move aimed at strengthening its financial infrastructure and deepening its global market reach. Pellegrino’s background in the fintech sector spans more than two decades, with leadership roles across payment and digital wallet providers, including Skrill, NETELLER, and Paysafe Group.
At Nexo, Pellegrino will oversee the expansion of several core services, including global account operations, cross-border settlements, and payment tools that connect digital assets to real-world use. His responsibilities also include leading the rollout of the Nexo Card, a product designed to allow users to spend digital holdings in day-to-day transactions.
His arrival comes at a time when digital asset firms are working to broaden their services beyond trading and custody. Platforms like Nexo are building tools that combine regulatory compliance with everyday utility, aiming to make digital assets accessible through familiar financial functions.
Leadership Experience Shaped Across Fintech and Payments
Before joining Nexo, Pellegrino served as CEO of Skrill and NETELLER, digital wallet providers that played a significant role in shaping how consumers and businesses conduct payments online. His tenure at Paysafe Group, a publicly listed company, included guiding strategic growth in high-velocity markets and aligning product development with regulatory requirements.
He also held leadership roles at PayRetailers, contributing to expansion efforts across Latin America and parts of Africa. His work there focused on scaling financial infrastructure in developing regions, a priority that aligns with Nexo’s own interest in global financial inclusion.
At Nexo, Pellegrino is tasked with connecting these types of operational experience to the demands of the digital asset economy. That includes managing the company’s integration of fiat and crypto services and supporting its aim to function as a full-service digital finance provider.
Expanding the Role of Digital Assets in Everyday Finance
Nexo continues to position itself as more than a storage platform for cryptocurrencies. The company has developed a suite of services that link savings, credit, trading, and payments. With the appointment of Pellegrino, Nexo is reinforcing its ambition to operate at the edge of both traditional and emerging finance.
The Nexo Card is one example of that effort. Built as a dual-mode card, it gives users access to both credit and debit functionality, allowing digital assets to be used in retail settings. Pellegrino will lead the global deployment of this product, including the infrastructure necessary to support adoption across multiple jurisdictions.
By focusing on payment functionality, Nexo is seeking to move digital assets closer to the kinds of financial tools already familiar to most consumers. This strategy reflects a broader industry trend toward offering digital asset services that function within established economic systems rather than outside of them.
Strategic Direction Aligned With Global Compliance Standards
As Nexo develops partnerships with institutions and expands into new regions, Pellegrino is expected to guide regulatory strategy and financial service alignment. His experience navigating compliance in both corporate and retail financial services will be applied to Nexo’s evolving product suite.
Companies operating in the digital asset space face increasing pressure to demonstrate security, transparency, and operational control. Pellegrino’s work at regulated entities, particularly in cross-border payments, positions him to lead initiatives that address those expectations while continuing to develop accessible services.
His appointment also signals the company’s intention to become more active in shaping public discussions about how digital assets intersect with banking, finance, and regulation. As part of his role, Pellegrino will serve as a public-facing representative for Nexo, contributing to debates on how traditional finance and crypto models converge.
Focus on Long-Term Utility and Financial Accessibility
Nexo’s leadership has emphasized that its focus remains on building financial tools that provide long-term value. The addition of Pellegrino is described by the company as a decision grounded in both practical experience and shared vision.
Pellegrino joins a team that is managing over $11 billion in assets and has processed more than $300 billion in transactions. The company operates in more than 150 jurisdictions and continues to expand its reach across markets with varying regulatory requirements and financial needs.
By bringing in leadership with a background in scaling financial tools across global markets, Nexo is positioning itself to respond to the changing expectations of users who want more than just access to crypto—they want functionality that integrates with their daily financial routines.
Conclusion: Operational Growth Through Proven Leadership
With this appointment, Nexo reinforces its strategy of combining technology with institutional-grade infrastructure. The decision to place Pellegrino in a central leadership role reflects an effort to professionalize core functions as the company moves deeper into regulated markets.
His experience in both emerging and mature economies, as well as his work developing systems that support payments at scale, supports the company’s broader goal: to operate as a platform that connects digital assets with the systems people use to save, spend, and manage wealth.
As the global financial environment continues to evolve, firms like Nexo face the challenge of creating services that meet new demands without abandoning regulatory discipline. The appointment of a Chief Banking Officer with deep operational knowledge suggests the company is serious about meeting that challenge.
