Premium cryptocurrency services platform Nexo kickstarts its collaboration with Sphere

The collaboration is set to be focused on faster settlement and instant transactions for retail users.

Premium cryptocurrency services platform Nexo has announced a partnership with same-day cross-border settlement leader Sphere to bring faster settlement and instant transactions to retail users.

According to the announcement, Nexo is partnering with Sphere to integrate fast, cost-efficient and regulatory-compliant blockchain-based settlement solutions for international business payments, particularly benefiting businesses in inflation-pressured markets.

The partnership will largely focus on bringing nearly instant settlements for businesses and individuals and making transactions faster and smoother.

“At Nexo, we combine traditional and digital assets to serve the next generation of wealth. Together with Sphere, we aim to provide clients and businesses with a faster and more transparent way to move between global currencies and digital assets, within a compliant framework,” said Savina Boncheva, Chief Operating Officer at Nexo.

The collaboration leverages Sphere’s scalable infrastructure and Nexo’s digital asset expertise to reduce settlement times from days to hours, streamline treasury management and provide businesses with stable, near-instant currency conversion.

“We are excited to partner with Nexo to bring together our strengths in cross-border payments and digital assets. This partnership will benefit businesses in Latin America, where there is a strong need for efficient and reliable cross-border payment solutions,” said Arnold Lee, CEO of Sphere.

Sphere’s technology enables same-day cross-border settlement in various regions around the world, including Southeast Asia, the Middle East, Eastern Europe and Latin America.

Its scalable infrastructure shortens settlement times from days to hours, helping businesses reduce FX risk and improve liquidity. In regions like Mexico, Brazil and Argentina, where stablecoin adoption is growing, Sphere supports businesses in managing currency fluctuations, streamlining treasury operations and reducing reliance on intermediaries.

Through Sphere’s API, businesses, fintechs and financial institutions can access efficient, near-instant currency conversion for cross-border payments.