December 11, 2025 – Boston, MA – Caldwell is pleased to announce that it acted as lead counsel to Nexo, a leading digital asset wealth platform, on its acquisition of Buenbit (Fiat Flow Solutions Ltd.), a prominent Latin American crypto platform. The transaction marks a significant milestone in Nexo’s global expansion strategy, accelerating the company’s growth across high-potential emerging markets and strengthening its position as a dominant, internationally integrated digital-asset powerhouse. With operations spanning multiple continents, Nexo continues to execute bold strategic moves aimed at building the most comprehensive and compliant global crypto ecosystem.

On the transaction, Stefan Atanasov, Head of Corporate Development at Nexo, said: “Buenbit’s strong regional footprint and regulatory-aligned infrastructure make it a natural fit for Nexo’s mission to expand secure and seamless digital-asset access globally. This acquisition allows us to enhance our on- and off-ramp capabilities across Latin America and accelerate Nexo’s broader vision of building a unified, compliant ecosystem for digital finance. We are grateful to Caldwell, and all partners involved for navigating the complexities of the transaction with exceptional precision and cross-border expertise.”

This cross-border transaction was led by Caldwell’s Corporate Partner & Global Director Marcus Wolter and Associate Daniel O’Brien, with additional support from Associates Ai-Jo Wu and Bianca Lindau.

Notably, this transaction is one of the very few known transactions in the crypto industry outside of the United States to secure Warranty & Indemnity Insurance, a milestone made possible through bespoke underwriting and close coordination with Malakut, led by Philip Frerks. Securing W&I coverage in the digital-assets sector, especially in non-U.S. markets, remains highly uncommon due to regulatory uncertainty and evolving risk frameworks. Caldwell worked intensively with insurers and brokers to facilitate the placement of appropriate coverage.

Caldwell’s team collaborated closely with Nexo’s financial advisors, and with Philip at Malakut, who guided the bespoke W&I placement. Caldwell also coordinated with an exceptional network of local counsel, including Marval O’Farrell Mairal in Argentina, Posadas in Uruguay, Philippi Prietocarrizosa Ferrero DU & Uría (PPU) in Peru, and BLOMSTEIN in Berlin/Brussels on antitrust and regulatory matters in Europe, ensuring comprehensive cross-border coverage across all relevant jurisdictions. Throughout the transaction, Caldwell also leveraged its partnership with SingleSource Technologies to further advance the firm’s automation and knowledge-management capabilities, enabling streamlined workflows, enhanced document accuracy, and accelerated cross-team coordination.

Caldwell congratulates Nexo, Buenbit, and all involved parties on this significant achievement.

About Buenbit

Buenbit is a leading Latin American digital-asset platform offering trading, payments, and on/off-ramp services across multiple jurisdictions, having processed more than USD 2 billion in volume. Its integration into Nexo’s ecosystem accelerates the company’s mission to expand secure digital-asset access and infrastructure throughout Latin America.

About Nexo

Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 150 jurisdictions. With over $11 billion in AUM and over $371 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.

About Caldwell

Caldwell is a law firm specializing in M&A, corporate advisory, and intellectual property for high-growth companies, fintech innovators, venture capital funds, and established corporates. With offices in Boston, Los Angeles, London, and Tokyo, Caldwell is recognized for its cross-border execution capability, deep sector expertise, and technology-enabled legal services. The firm’s integrated corporate and IP teams routinely advise on complex digital-asset transactions.

Media Contact:

Harvey Awadzi
Caldwell
Email: harvey@caldwelllaw.com
Phone: +44 203 318 9202

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