Nexo has expanded its Zero-interest Credit (ZiC) product to accept Solana (SOL) and Ripple (XRP) as collateral — an industry first for zero-interest, no-liquidation loans backed by these tokens. The move opens interest-free borrowing to a broader set of crypto holders beyond Bitcoin and Ethereum, which until now were the primary assets supporting the platform’s flagship offering.
Why it matters
- Bitcoin and Ethereum still represent roughly 70% of Nexo’s collateral volume, mirroring their dominance in the market. But alternative tokens now back more than 30% of loans on the platform, with SOL and XRP leading that cohort.
- By adding Solana and Ripple to ZiC, Nexo lets more users access liquidity without selling their holdings — a growing demand among crypto investors who want cashflow while retaining market exposure.
How ZiC works for SOL and XRP
- Borrowers can take out stablecoin loans at 0% APR over a fixed term with no forced liquidation during that term.
- For SOL and XRP loans, ZiC uses a 30% loan-to-value (LTV) ratio and requires minimum collateral of 100 SOL or 5,000 XRP.
- Repayment terms are predefined and visible up front, providing predictability compared with many traditional crypto lending products.
Adoption so far
Nexo says ZiC has already generated over $170 million in total loan volume. The product shows strong engagement metrics — a 66% borrower renewal rate and an average of four renewals per borrower — and more than half of borrowed funds remain on the platform, suggesting users are leveraging liquidity while staying invested with Nexo.
Bigger picture
Nexo frames the extension to SOL and XRP as aligned with shifting collateral trends and broader acceptance of crypto-backed financing. That trend has gained institutional visibility: in March 2026, U.S. mortgage agency Fannie Mae began accepting crypto-backed mortgages that allow borrowers to pledge Bitcoin without selling it. Nexo’s expansion reflects growing portfolio diversification among crypto holders and rising demand for borrowing solutions that avoid forced sales.
As zero-interest, no-liquidation offerings expand beyond Bitcoin and Ethereum, Nexo is betting it can capture users who hold alternative tokens but still want predictable, cost-free access to fiat-equivalent liquidity. “Zero-interest Credit set a new standard for Bitcoin and Ethereum holders, and expanding it to Solana and Ripple is the logical next step, one we are taking before anyone else,” said Elitsa Taskova, Nexo’s Chief Product Officer.
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