Nexo Makes Power Move: Lorenzo Pellegrino Joins as Chief Banking Officer to Fuel Crypto-Banking Revolution

Nexo just signaled its ambitions to bridge crypto and traditional finance—by poaching banking heavyweight Lorenzo Pellegrino as its new Chief Banking Officer. The hire screams institutional legitimacy at a time when crypto’s wild west reputation still haunts boardrooms.

Pellegrino, a fintech veteran with stints at Skrill and Visa, now faces his biggest challenge yet: convincing legacy banks that Nexo’s crypto-backed loans aren’t just glorified pawn shops for Bitcoin bulls. Good luck explaining yield farming to a room full of suits still obsessed with ‘blockchain, not Bitcoin.’

With regulators circling and DeFi eating their lunch, traditional finance might finally be desperate enough to listen. Or they’ll just wait until BlackRock launches a crypto loan ETF and pretend they invented it.

Pellegrino’s Experience and Career

Over his career, Pellegrino has played a big role in developing trusted financial products used by millions of people worldwide. He also worked at Paysafe Group, a company listed on the New York Stock Exchange, where he focused on building reliable payment tools. He also helped the company expand into the fast-growing markets and ensured that new products followed global regulations. 

Plans for Nexo’s Growth

At Nexo, Pellegrino will lead the company’s efforts to expand its infrastructure. This includes improving its digital asset accounts, so it can build faster and easier ways for customers to MOVE money in and out of the platform. One of his main projects will be leading the global rollout of the Nexo Card.

According to Nexo, this card is designed to give users more ways to spend and benefit from their digital assets in everyday life.

Speaking about his new role, Pellegrino said: “After decades in the payments and digital wallet space, I’ve seen firsthand how difficult it is to bridge convenience with compliance, speed with stability. What Nexo is doing — unifying digital assets with real-world financial utility — is exactly the kind of challenge I thrive on.”

In addition to his operational role, Pellegrino will also serve as a public voice for Nexo. He will take part in global discussions on how traditional finance and cryptocurrency can work together. 

He will speak on topics such as cross-border banking and the tools needed to build the next generation of wealth services.

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