Wisconsin will receive more than $400,000 through a settlement with the crypto-related company Nexo Capital, the state Department of Financial Institutions says.

DFI this week announced a $22.5 million multi-state securities settlement against the company, which was created in 2018 in the Cayman Islands. Nexo Inc. and Nexo Capital Inc., collectively called Nexo, provides services related to cryptocurrency assets. That includes investing, trading, borrowing and lending.

One of its offerings, the “Earn Interest Product” program, was the focus of an investigation by a North American Securities Administrators Association working group that included DFI and other state regulators. The program offered investors interest-bearing crypto asset accounts, the DFI release shows.

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