- Nexo provides SOL, XRP to its 0% annual rate of interest cryptocurrency-backed credit score merchandise.
- ZiC permits customers to borrow at 0% curiosity with out liquidation danger.
- At the moment, greater than 30% of Nexo loans use non-BTC, ETH collateral.
nexo has expanded its Zero Curiosity Credit score (ZiC) providing to incorporate Solana (SOL) and Ripple (XRP) as eligible collateral, making it the trade’s first zero curiosity, no-liquidation mortgage backed by these property, the corporate mentioned.
The transfer expands entry to interest-free borrowing past Bitcoin (BTC) and Ethereum (ETH), which beforehand dominated the platform’s collateral base.
The announcement comes as crypto-backed lending continues to evolve because the platform seeks to draw a broader investor base by providing extra versatile borrowing buildings tied to digital property.
Increasing past Bitcoin and Ethereum
Nexo mentioned the additions of SOL and XRP mirror altering collateral developments on its platform.
Bitcoin and Ethereum nonetheless account for round 70% of whole collateral quantity, and greater than 30% of loans are backed by different crypto property, reflecting their widespread dominance in these markets.
SOL and XRP lead this phase, prompting platforms to increase their flagship ZiC merchandise to those tokens.
The corporate mentioned the transfer will enable a broader group of customers to entry liquidity with out having to promote their holdings.
“Nexo has at all times believed that markets are the place they’re going, not the place they already are. Zero curiosity credit score units a brand new normal for Bitcoin and Ethereum holders, and increasing it to Solana and Ripple is a logical subsequent step and one we’re doing earlier than anybody else,” mentioned Elitsa Taskova, Chief Product Officer at Nexo.
How interest-free credit score merchandise work
ZiC permits customers to borrow stablecoins at 0% annual rate of interest for a set interval, with no danger of compelled liquidation throughout the mortgage time period.
This construction consists of predefined compensation phrases that seem on the outset, providing larger predictability in comparison with conventional crypto lending merchandise.
For SOL and XRP-backed loans, ZiC operates with a loan-to-value (LTV) ratio of 30%, with minimal collateral necessities set at 100 SOL or 5,000 XRP.
The core proposition stays the identical. This implies customers can launch liquidity whereas sustaining publicity to their crypto holdings.
The product has already acquired vital consideration. Nexo reported greater than $170 million in whole loans by ZiC and a 66% borrower renewal charge, with a mean of 4 renewals per person.
Greater than half of the borrowed funds stay on the platform, indicating that customers are leveraging their liquidity whereas persevering with to take a position.
The rising relevance of crypto-backed loans
This enlargement comes amid rising consciousness of crypto-backed loans within the conventional monetary system.
In March 2026, US mortgage company Fannie Mae started accepting crypto-backed mortgages, permitting debtors to make use of Bitcoin as collateral with out having to liquidate their property.
Nexo highlights the demand for liquidity options that don’t require asset gross sales and positions the ZiC product inside this broader development.
The corporate mentioned that increasing this product to SOL and XRP is in step with the rising diversification of crypto portfolios and the evolution of borrower preferences.