Bern, Switzerland — Nexo’s Zero-Interest Credit (ZiC) simply scored a serious win. The crypto wealth platform’s product was named “Client Lending Product of the 12 months” at the tenth annual FinTech Breakthrough Awards, cementing Nexo’s fame as a frontrunner in crypto-backed lending innovation.
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ZiC is precisely what it appears like: a way to borrow against Bitcoin and Ethereum with out paying curiosity or charges, and with out risking mid-term liquidation. Loans include mounted durations and predefined compensation phrases, giving debtors readability and predictability — even when crypto markets swing wildly.
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Since launching, ZiC has dealt with over $140 million in loans, with a 76% borrower renewal fee. On common, customers renew their loans greater than 4 occasions, exhibiting sturdy confidence within the platform’s construction.
“Debtors now count on clear outcomes and stronger collateral self-discipline,” says Elitsa Taskova, Nexo Chief Product Officer. “Zero-Interest Credit replaces reactive liquidations with predictable phrases — precisely what customers need in unstable markets.”
Why It Issues
Crypto lending has grown into an almost $70 billion market, however danger administration has usually been a weak spot. Nexo’s ZiC adjustments that by locking in mortgage outcomes and defending collateral, a step ahead for an business nonetheless studying learn how to steadiness flexibility and security.
Steve Johansson of FinTech Breakthrough praised ZiC for creating “a extra structured and resilient strategy to digital asset lending,” highlighting Nexo’s function in redefining crypto credit score.
This award marks Nexo’s fourth consecutive win at the FinTech Breakthrough Awards, exhibiting the corporate isn’t simply innovating — it’s constantly setting the bar for crypto lending.
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What Nexo Provides
Nexo is greater than loans. Since 2018, it has grown right into a full-service crypto wealth platform, serving customers in 199+ international locations. With $8B in property beneath administration and $403B processed, it gives:
Nexo combines sturdy infrastructure, international licensing, and user-first assist, giving purchasers a dependable strategy to develop, handle, and shield their digital property.
