Alcaraz Makes History as Crypto Steals the Spotlight at the Australian Open

Carlos Alcaraz’s victory over Novak Djokovic at the 2026 Australian Open marked a milestone for tennis, but equally a timely showcase for Nexo, the digital wealth platform whose branding dominated the new coaching pods. 

As Alcaraz sealed the career Grand Slam, Nexo’s logo sat in full view, giving the crypto lender one of the tournament’s most visible sponsorship slots.

Nexo’s Australian Open sponsorship began just two weeks after California fined the company US$500,000 (AU$765,000). Founded in 2018, Nexo has accumulated about US$45 million (AU$68.8 million) in regulatory penalties, even as it pushes deeper into high-profile sports.

Milestone For Crypto Sponsorship

Nexo’s Marketing Manager Konstantin Rangelov told Forbes the partnership with Tennis Australia is meant to showcase “discipline, innovation, and foresight” and position digital assets within mainstream finance. 

Nexo’s partnership with Tennis Australia and the Australian Open is a major moment for both our company and the broader digital asset ecosystem. Sports sponsorships allow platforms like ours to showcase the values that underpin digital finance – discipline, innovation, and foresight (…) We are living by these values and simultaneously demonstrating that digital asset institutions belong not only in the more tech-centric blockchain arena but also on some of the world’s most prestigious cultural and sporting stages.

Konstantin Rangelov, Brand Marketing Manager at Nexo.

Similarly, Mark Conrad, a professor of law and ethics at Fordham University and director of its sports business program, told Forbes that crypto firms are chasing the same affluent fan base long targeted by banks and asset managers. 

But why tennis? Basically, the idea is that tennis has an audience that’s comfortable with financial risk and increasingly familiar with prediction markets and speculative products—at least, that’s what Conrad said.

Younger audiences look for different engagements with a product, plus, the tolerance by fans generally to prediction, betting, investments in different products helps boost crypto.

Mark Conrad, professor of law and ethics at Fordham University.

But the Australian Open deal is only one element of a wider sports strategy, as Nexo has also become the first title partner of the ATP 500 Dallas Open under a multi-year agreement. 

The tournament, one of just two ATP 500 events in the United States and the only indoor ATP Tour stop in the country, will carry the Nexo brand and has already benefited from resurfaced public courts in North Texas funded through the partnership.

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