Nexo named Lorenzo Pellegrino chief banking officer on July 31, 2025, the digital assets lender said on X1. Pellegrino had already spent more than 20 years in fintech by July 2025. He had served as chief executive of Skrill and NETELLER. There he helped build digital wallet services used by millions of people, Finbold reported on July 31, 20252. “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,” Pellegrino said. Co-founder Kosta Kantchev called the hire a match for where Nexo was headed. “Lorenzo joins us not just with deep fintech credentials but with a vision that aligns perfectly with Nexo's trajectory,” Kantchev said.
59 executive hires on the record in 2025, the most of any year
Executive hires CryptoLately has verified, by year; 2026 through Oct. 2, 2026
- 2025: 59
- 2019, 2020, 2021, 2022, 2023, 2024, 2026
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| 2019 | 11 |
| 2020 | 12 |
| 2021 | 27 |
| 2022 | 37 |
| 2023 | 20 |
| 2024 | 39 |
| 2025 | 59 |
| 2026 | 45 |
Layer 1s & Infrastructure led executive hires in 2025, with 15
Executive hires CryptoLately has verified in 2025, by the sector of the company
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| Layer 1s & Infrastructure | 15 |
| Trading Venues & Brokerage | 9 |
| Bitcoin & Mining | 8 |
| Capital Markets & Treasury | 4 |
| Institutional Custody & Asset Management | 3 |
| AI and Crypto | 2 |
| Wallets & Consumer Apps | 1 |
| Regulation & Enforcement | 1 |
The move
Nexo's own announcement cast Pellegrino's job in plain terms. “With decades of experience in fintech, he'll serve as Nexo's public voice and help us drive the expansion of our industry-leading infrastructure,” Nexo wrote on X1. Finbold filled in the scope. Pellegrino would oversee the expansion of Nexo's infrastructure, including digital asset accounts, global payment rails, cross-border settlements, and the dual-mode Nexo Card2. Strategic partnerships topped his focus, the outlet reported. He finished the thought Kantchev started about the company's direction. “What Nexo is doing, unifying digital assets with real-world financial utility, is exactly the kind of challenge I thrive on,” Pellegrino said.
Before and after
Nexo had left one job unfilled: the bridge between its crypto products and the banking system2. Pellegrino's title put a named executive in charge of that function. Finbold reported that Pellegrino would represent Nexo in talks between traditional finance and crypto. He would also handle cross-border finance and infrastructure for new wealth products. His arrival brought two decades running payment platforms into a crypto lender's leadership. Nexo's co-founder framed that background as a direct fit for the company's direction.
What came next
Four months after his hire, Pellegrino described his mandate in his own words to Crowdfund Insider, in an interview published November 30, 2025. “My mandate is clear: to strengthen and expand our banking and payments infrastructure,” he said. “That means deepening existing partnerships with financial institutions, identifying new opportunities, and leveraging features developed on their side”3. Pellegrino pointed to regulation as the backdrop for that work. He named three forces at once: the European Union's crypto-asset rules, new stablecoin laws in the United States, and digital currency pilots run by central banks in Asia. Nexo's banking strategy stayed an open conversation in November 2025, Pellegrino said, short of a settled plan. Management would, in his words, "actively exchange insights and explore new opportunities" on the topic.
Sources
- Nexo, "We're excited to welcome Lorenzo Pellegrino as Nexo's Chief Banking Officer," X, July 31, 2025, https://x.com/Nexo/status/1950949617878635007
- Diana Paluteder, "Nexo names Lorenzo Pellegrino as Chief Banking Officer," Finbold, July 31, 2025, https://finbold.com/nexo-names-lorenzo-pellegrino-as-chief-banking-officer/
- Omar Faridi, "Nexo's Chief Banking Officer Explains How to Bring Real-World Utility to Digital Assets Sector," Crowdfund Insider, November 30, 2025, https://www.crowdfundinsider.com/2025/11/255657-nexos-chief-banking-officer-explains-how-to-bring-real-world-utility-to-digital-assets-sector/