Crypto Lender Nexo Buys Stake in U.S. Chartered Bank 

Cryptocurrency lender Nexo has acquired a stake in the U.S. federally chartered financial institution Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), which was established in 1984 and regulated under the Office of the Comptroller of the Currency. Nexo to Offer Crypto Services to U.S. Customers  The investment allows Nexo to expand its financial services across the United States, offering users a wide range of crypto offerings, including options to open accounts and receive asset-backed loans and card programs.