PANews reported on August 9 that Nexio announced that it had successfully raised $2.2 million in pre-seed round funding in the early stages of its Bitcoin expansion solution. This round of financing was led by Lattice, and participants included well-known investment institutions and angel investors such as HTX Ventures, Artichoke Capital, Morningstar Ventures, and Sharding Capital. Nexio's vision is to provide a scalable, secure and cost-effective infrastructure for the Bitcoin ecosystem, supporting complex DeFi applications, gaming platforms, NFT markets and infrastructure projects. Nexio uses parallelized rollup technology to support more than 30,000 transactions per second while keeping transaction fees below $0.01.

Nexio uses MoveVM technology developed by Facebook, combined with zk-Rollup, multi-party computation threshold signature scheme and Fractal interpreter. Nexio plans to launch a permissionless testnet in the next 6 to 12 months, and then launch the mainnet solution.