- Nexo adds $SOL, $XRP to its 0% $APR crypto-backed credit product.
- ZiC lets users borrow at 0% interest with no liquidation risk.
- Over 30% of Nexo loans now use non-$BTC, $ETH collateral.
Nexo has expanded its Zero-interest Credit (ZiC) offering to include Solana ($SOL) and Ripple ($XRP) as eligible collateral, marking what it says is an industry first for zero-interest, no-liquidation lending backed by these assets.
The move broadens access to interest-free borrowing beyond Bitcoin ($BTC) and Ethereum ($ETH), which previously dominated the platform’s collateral base.
The announcement comes as crypto-backed lending continues to evolve, with platforms seeking to attract a wider investor base by offering more flexible borrowing structures tied to digital assets.
Expansion beyond Bitcoin and Ethereum
Nexo said the addition of $SOL and $XRP reflects shifting collateral trends on its platform.
While Bitcoin and Ethereum still account for around 70% of total collateral volume—closely mirroring their broader market dominance—more than 30% of loans are now backed by alternative crypto assets.
$SOL and $XRP lead this segment, prompting the platform to extend its flagship ZiC product to these tokens.
The company said the move allows a broader group of users to access liquidity without selling their holdings.
“Nexo has always believed in being where the market is going, not where it already is. 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, Chief Product Officer at Nexo.
How the zero-interest credit product works
ZiC enables users to borrow stablecoins at 0% $APR over a fixed term, with no risk of forced liquidation during the loan period.
The structure includes predefined repayment terms visible at the outset, offering greater predictability compared to traditional crypto lending products.
For $SOL and $XRP-backed loans, ZiC operates at a 30% loan-to-value (LTV) ratio, with minimum collateral requirements set at 100 $SOL or 5,000 $XRP.
The core proposition remains unchanged: users can unlock liquidity while maintaining exposure to their crypto holdings.
The product has already seen notable traction. Nexo reported more than $170 million in total loan volume through ZiC, alongside a 66% borrower renewal rate and an average of four renewals per user.
More than half of the borrowed funds remain on the platform, indicating that users are leveraging liquidity while staying invested.
Growing relevance of crypto-backed lending
The expansion comes amid increasing recognition of crypto-collateralized financing in traditional financial systems.
In March 2026, US mortgage agency Fannie Mae began accepting crypto-backed mortgages, allowing borrowers to pledge Bitcoin without liquidating their assets.
Nexo positioned its ZiC offering within this broader trend, emphasizing demand for liquidity solutions that do not require asset sales.
The company said extending the product to $SOL and $XRP aligns with growing diversification in crypto portfolios and evolving borrower preferences.
