Nexo Becomes First-Ever Digital Wealth Platform of the DP World Tour, Launches Nexo Championship
Golf is a natural fit for Nexo: elevated, global, and principled.
Share
Nexo has also become the Title Partner of the newly renamed Nexo Championship — previously the Scottish Championship — taking place from August 7–10, 2025. The tournament is set at the Trump International Golf Links in Aberdeenshire, which has earned a reputation as one of the finest modern links courses in the United Kingdom. The tournament will be the penultimate event in the Closing Swing, the fifth and final Global Swing which makes up phase one of the DP World Tour's 2025 season.
Nexo also becomes an Official Partner to six premier DP World Tour tournaments in 2025. These include the Genesis Scottish Open, where the top two ranked players in the world, Scottie Scheffler and Rory McIlroy, will tee it up, the Betfred British Masters hosted by Sir Nick Faldo, the BMW PGA Championship, the Abu Dhabi HSBC Championship, and the season-ending DP World Tour Championship in Dubai.
At each tournament, Nexo will host tailored hospitality and client experiences, aligned with its services for high-net-worth individuals. Strategic branding on and off the course will highlight the shared values between Nexo and the DP World Tour — discipline, precision, and long-term focus — reflecting Nexo's commitment to sustainable wealth-building.
Antoni Trenchev, Co-founder and Managing Partner, Nexo, said:
'This partnership reflects our belief that wealth and golf are built the same way: with preparation, control, and vision. Both the DP World Tour and Nexo share a commitment to precision, discipline, and performance – whether on the course or in finance. Golf is a natural fit for our brand: elevated, global, and principled.'
Max Hamilton, Executive Commercial Director, DP World Tour, said:
'Nexo's forward-thinking approach to innovation and performance aligns seamlessly with ours. Just as the DP World Tour connects global golf fans using the latest technologies, Nexo is reshaping wealth-building with digital tools. Our audience is global, affluent, and financially savvy, making this partnership a powerful platform for strategic engagement.'
Launched in 2018, Nexo delivers its clientele the means to manage, preserve, and grow their crypto holdings. This new partnership is a cornerstone of Nexo's international presence, reinforcing its mission to drive the next generation of wealth. The collaboration signals the rise of a new kind of partner in elite golf: digital-first, innovation-led, and globally minded. For Nexo, it marks more than a sponsorship; it's a cultural statement and a bold expansion into the real-world arenas where wealth lives, grows, and competes.
About Nexo
Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Our mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.
Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 150 jurisdictions. With over $11 billion in AUM and over $371 billion processed, we bring lasting value to millions worldwide. Our all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and liquidity solutions, including the first crypto debit/credit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.
Official website: nexo.com
About the DP World Tour
The DP World Tour is the main men's professional golf tour of the European Tour group.
As golf's global tour, we showcase global talent in global destinations and use our platform to build, entertain and connect our global community.
GLOBAL TALENT: We provide pathways and a platform for the leading international talent, bringing together golfing icons, national heroes and emerging stars from around the world.
GLOBAL DESTINATIONS: We stage tournaments in iconic cities and locations around the world and each week we celebrate and showcase the rich diversity of the courses, cities and cultures we visit.
GLOBAL COMMUNITY: We build, entertain and connect communities through our commitment to innovation, creative content and having a positive social and environmental impact.
Our 2025 Global Schedule features 42 tournaments in 26 different countries and comprises three distinct phases: five 'Global Swings', the 'Back 9' and the 'DP World Tour Play-Offs'. It features five Rolex Series events – the premium category of events on the DP World Tour - and four Major Championships, all of which count towards the Race to Dubai Rankings, the Tour's season-long competition which concludes at the DP World Tour Championship in Dubai.
DP World, the leading provider of global smart end-to-end supply chain and logistics solutions, has been the title partner of the DP World Tour since the start of the 2022 season, the Tour's 50th season following its formation in 1972.
We also enjoy the support of many of the world's leading business brands with DP World, Rolex, Aldar, BMW, Buffalo Trace Distillery, Emirates, Fortinet, Nexo and Vestas as Official Partners.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
22 minutes ago
- Business Wire
KIOXIA AiSAQ™ Software Advances AI RAG with New Version of Vector Search Library
TOKYO--(BUSINESS WIRE)--In an ongoing effort to improve the usability of AI vector database searches within retrieval-augmented generation (RAG) systems by optimizing the use of solid-state drives (SSDs), Kioxia Corporation, a world leader in memory solutions, today announced an update to its KIOXIA AiSAQ™ (All-in-Storage ANNS with Product Quantization) software. This new open-source release introduces flexible controls allowing system architects to define the balance point between search performance and the number of vectors, which are opposing factors in the fixed capacity of SSD storage in the system. The resulting benefit enables architects of RAG systems to fine tune the optimal balance of specific workloads and their requirements, without any hardware modifications. First introduced in January 2025, KIOXIA AiSAQ software uses a novel approximate nearest neighbor search (ANNS) algorithm that is optimized for SSDs and eliminates the need to store index data in DRAM. By enabling vector searches directly on SSDs and reducing host memory requirements, KIOXIA AiSAQ technology allows vector databases to scale, largely without the restrictions caused by limited DRAM capacity. When the installed capacity of the SSD in the system is fixed, increasing search performance (queries per second) requires more SSD capacity consumed per vector. This results in a smaller number of vectors. Conversely, to maximize the number of vectors, SSD capacity consumption per vector needs to be reduced, which results in lower performance. The optimal balance between these two opposing conditions varies depending on the specific workload. To find the appropriate balance, KIOXIA AiSAQ software introduces flexible configuration options. This latest update allows administrators to select the optimal balance for a variety of contrasting workloads among the RAG system. This update makes KIOXIA AiSAQ technology a suitable SSD-based ANNS for not only RAG applications but also other vector-hungry applications such as offline semantic searches. With growing demand for scalable AI services, SSDs offer a practical alternative to DRAM for managing the high throughput and low latency that RAG systems require. KIOXIA AiSAQ software makes it possible to meet these demands efficiently, enabling large-scale generative AI without being constrained by limited memory resources. By releasing KIOXIA AiSAQ software as open-source, Kioxia reinforces its commitment to the AI community with the promotion of SSD-centric architectures for scalable AI. Please follow the link to download KIOXIA AiSAQ open-source software. * KIOXIA AiSAQ: All-in-Storage ANNS with Product Quantization, a novel method of index data placement, is a trademark of Kioxia. * All other company names, product names and service names may be trademarks of third-party companies. About Kioxia Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with 'memory' by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems. *Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.
Business Wire
3 hours ago
- Business Wire
KIOXIA AiSAQ Software Advances AI RAG with New Version of Vector Search Library
SAN JOSE, Calif.--(BUSINESS WIRE)--In an ongoing effort to improve the usability of AI vector database searches within retrieval-augmented generation (RAG) systems by optimizing the use of solid-state drives (SSDs), KIOXIA today announced an update to its AiSAQ™ (All-in-Storage ANNS with Product Quantization) software. This new open-source release introduces flexible controls that allow system architects to define the balance point between search performance and the number of vectors, which are opposing factors with the fixed capacity of SSD storage in the system. The resulting benefit enables architects of RAG systems to fine-tune the optimal balance between specific workloads and their requirements, without any hardware modifications. "This level of flexibility is critical to building scalable, RAG systems – powered by SSD storage. By open-sourcing our technology, we're reinforcing our commitment to the AI community with solutions that are both powerful and accessible to everyone." KIOXIA AiSAQ software uses a novel approximate nearest neighbor search (ANNS) algorithm that is optimized for SSDs and eliminates the need to store index data in DRAM. By enabling vector searches directly on SSDs and reducing host memory requirements, KIOXIA AiSAQ technology allows vector databases to scale, largely without the restrictions caused by limited DRAM capacity. When the installed capacity of the SSD in the system is fixed, increasing search performance (queries per second) requires more SSD capacity consumed per vector. This results in a smaller number of vectors. Conversely, to maximize the number of vectors, SSD capacity consumption per vector needs to be reduced, which results in lower performance. The optimal balance between these two opposing conditions varies depending on the specific workload. To find the appropriate balance, KIOXIA AiSAQ software introduces flexible configuration options. This latest update allows administrators to select the optimal balance for a variety of contrasting workloads among the RAG system. This update makes KIOXIA AiSAQ technology a suitable SSD-based ANNS for not only RAG applications, but also other vector-hungry applications such as offline semantic searches. With growing demand for scalable AI services, SSDs offer a practical alternative to DRAM for managing the high throughput and low latency that RAG systems require. KIOXIA AiSAQ software makes it possible to meet these demands efficiently, enabling large-scale generative AI without being constrained by limited memory resources. By open-sourcing KIOXIA AiSAQ software, the company is advancing SSD-centric architectures and supporting broader adoption of scalable AI systems. 'With the latest version of KIOXIA AiSAQ software, we're giving developers and system architects the tools to fine-tune both performance and capacity,' said Neville Ichhaporia, senior vice president and general manager of the SSD business unit at KIOXIA America, Inc. 'This level of flexibility is critical to building scalable, RAG systems – powered by SSD storage. By open-sourcing our technology, we're reinforcing our commitment to the AI community with solutions that are both powerful and accessible to everyone." Please follow the link to download KIOXIA AiSAQ open-source software: For more information, please visit and follow the company on X, formerly known as Twitter and LinkedIn ®. About KIOXIA America, Inc. KIOXIA America, Inc. is the U.S.-based subsidiary of KIOXIA Corporation, a leading worldwide supplier of flash memory and solid-state drives (SSDs). From the invention of flash memory to today's breakthrough BiCS FLASH™ 3D technology, KIOXIA continues to pioneer innovative memory, SSD and software solutions that enrich people's lives and expand society's horizons. The company's innovative 3D flash memory technology, BiCS FLASH, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems. For more information, please visit © 2025 KIOXIA America, Inc. All rights reserved. Information in this press release, including product pricing and specifications, content of services, and contact information is current and believed to be accurate on the date of the announcement, but is subject to change without prior notice. Technical and application information contained here is subject to the most recent applicable KIOXIA product specifications. Notes: KIOXIA AiSAQ: All-in-Storage ANNS with Product Quantization, a novel method of index data placement, is a trademark of KIOXIA. LinkedIn is a trademark of LinkedIn Corporation and its affiliates in the United States and/or other countries. All other company names, product names and service names may be trademarks of third-party companies.
San Francisco Chronicle
6 hours ago
- San Francisco Chronicle
PGA Tour's FedEx Cup bonus goes from a lump sum to one winner to 3 payoffs
The PGA Tour has done away with the staggered start for the FedEx Cup finale. In its place is a new pay structure with staggered bonuses to whoever is leading at three points in the final month of the season. The FedEx Cup champion will get $10 million, down from $25 million. However, if the No. 1 seed would still get $25 million if he stays at the top throughout the playoffs. The bonus pool remains at $100 million under the structure released Wednesday. But instead of the FedEx Cup champion receiving $25 million at the end of the Tour Championship, the No. 1 player will get $10 million after the regular season ends with the Wyndham Champion. Whoever leads the FedEx Cup after the BMW Championship gets $5 million. And the Tour Championship winner gets $10 million. This caps an overhaul to what the PGA Tour hopes can lead to a more compelling — and less confusing — end to the season. The staggered start — also known as starting strokes — gave the No. 1 seed a two-shot lead at the Tour Championship by putting him at 10-under par before the tournament event started. Now the top 30 who reach East Lake will start even, just like any tournament, and whoever wins the Tour Championship is the FedEx Cup champion. To account for the winner-take-all nature of the Tour Championship, the pay structure was altered to make sure season-long performances were still rewarded, and top players did not get penalized too much for having a bad week at East Lake. Scottie Scheffler was so dominant last year he led the FedEx Cup all through the playoffs, picking up the $25 million bonus as the champion. If the new payment structure had been in place in 2023, however, Jon Rahm would have received $10 million for leading the FedEx Cup going into the playoffs; Scheffler would have won $5 million for leading after the BMW Championship; and Viktor Hovland would have won $10 million for being the FedEx Cup champion. Rahm was the No. 1 seed starting the 2023 playoffs, tied for 18th in the Tour Championship and his postseason payout was $675,000. Under the new payment plan, Rahm would have received $12,208,750 for his FedEx Cup bonus — No. 1 going into the playoff, No. 4 after the BMW Championship and a tie for 21st in the Tour Championship. The Tour Championship effectively would have a $40 million purse, but the bonus money still will count as unofficial. The Comcast Business Tour Top 10 is still around, a $40 million bonus pool for the regular season. So for this year, whoever leads the FedEx Cup going into the postseason would get $10 million from the FedEx Cup bonus and $8 million from Comcast. ___
