Crypto Lender Nexo Takes Steps to Dissolve UK Units

Crypto lender Nexo is dissolving two of its UK-based entities as it faces a period of legal uncertainty elsewhere in Europe.

The London-based firm applied to strike off Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. from the UK companies register, filings showed this month. Nexo co-founder Antoni Trenchev said in messages to Bloomberg News that the firm was “doing some restructuring” and “rethinking the way we go about servicing clients,” but did not plan to exit the country.

Earlier this year, Bulgarian prosecutors charged four people in an investigation into Nexo. The Bulgarian nationals were accused of ...