- Nexo provides $SOL, $XRP to its 0% $APR crypto-backed credit score product.
- ZiC lets customers borrow at 0% curiosity with no liquidation threat.
- Over 30% of Nexo loans now use non-$BTC, $ETH collateral.
Nexo has expanded its Zero-interest Credit score (ZiC) providing to incorporate Solana ($SOL) and Ripple ($XRP) as eligible collateral, marking what it says is an business first for zero-interest, no-liquidation lending backed by these belongings.
The transfer broadens entry to interest-free borrowing past Bitcoin ($BTC) and Ethereum ($ETH), which beforehand dominated the platform’s collateral base.
The announcement comes as crypto-backed lending continues to evolve, with platforms looking for to draw a wider investor base by providing extra versatile borrowing constructions tied to digital belongings.
Growth past Bitcoin and Ethereum
Nexo stated the addition of $SOL and $XRP displays shifting collateral developments on its platform.
Whereas Bitcoin and Ethereum nonetheless account for round 70% of whole collateral quantity—carefully mirroring their broader market dominance—greater than 30% of loans at the moment are backed by various crypto belongings.
$SOL and $XRP lead this phase, prompting the platform to increase its flagship ZiC product to those tokens.
The corporate stated the transfer permits a broader group of customers to entry liquidity with out promoting their holdings.
“Nexo has all the time believed in being the place the market goes, not the place it already is. Zero-interest Credit score set a brand new normal for Bitcoin and Ethereum holders, and increasing it to Solana and Ripple is the logical subsequent step, one we’re taking earlier than anybody else,” stated Elitsa Taskova, Chief Product Officer at Nexo.
How the zero-interest credit score product works
ZiC allows customers to borrow stablecoins at 0% $APR over a hard and fast time period, with no threat of pressured liquidation throughout the mortgage interval.
The construction consists of predefined compensation phrases seen on the outset, providing higher predictability in comparison with conventional crypto lending merchandise.
For $SOL and $XRP-backed loans, ZiC operates at a 30% loan-to-value (LTV) ratio, with minimal collateral necessities set at 100 $SOL or 5,000 $XRP.
The core proposition stays unchanged: customers can unlock liquidity whereas sustaining publicity to their crypto holdings.
The product has already seen notable traction. Nexo reported greater than $170 million in whole mortgage quantity by ZiC, alongside a 66% borrower renewal price and a median of 4 renewals per person.
Greater than half of the borrowed funds stay on the platform, indicating that customers are leveraging liquidity whereas staying invested.
Rising relevance of crypto-backed lending
The growth comes amid growing recognition of crypto-collateralized financing in conventional monetary programs.
In March 2026, US mortgage company Fannie Mae started accepting crypto-backed mortgages, permitting debtors to pledge Bitcoin with out liquidating their belongings.
Nexo positioned its ZiC providing inside this broader pattern, emphasizing demand for liquidity options that don’t require asset gross sales.
The corporate stated extending the product to $SOL and $XRP aligns with rising diversification in crypto portfolios and evolving borrower preferences.
