Nexo, a digital assets wealth platform, has announced that its Zero-Interest Credit (ZiC) product has been named “Consumer Lending Product of the Year” at the 10th annual FinTech Breakthrough Awards, according to a release shared with Finbold on March 19.
The product allows users to borrow against Bitcoin (BTC) or Ethereum (ETH) at 0% APR with no fees, using a fixed-duration structure with predefined repayment parameters.
Zero-interest model introduces fixed-term crypto-backed lending structure
According to the company, Zero-Interest Credit is designed to eliminate margin calls and mid-term liquidations by introducing predefined duration and price boundaries, enabling borrowers to know outcomes at maturity regardless of market volatility.
The award comes as the crypto-collateralized lending market continues to evolve, with the sector representing an estimated $70 billion segment of digital asset finance. Nexo said the shift toward stronger collateral discipline and risk management has increased the relevance of structured lending models.
Since its launch, Zero-Interest Credit has generated more than $140 million in total loan volume, with Nexo reporting a 76% borrower renewal rate and an average of 4.28 renewals per user.
Featured image via Nexo.
Source: https://finbold.com/nexos-zero-interest-credit-product-wins-consumer-lending-award-at-fintech-breakthrough/
