Nexo

Nexo is a centralized digital asset wealth platform founded in 2018 that allows users to earn yield, borrow against crypto collateral, trade, and spend digital assets — all from a single, regulated account. With over $11 billion in assets under management, more than $403 billion in total processed transactions, and operations spanning 200+ jurisdictions, Nexo is one of the largest and longest-running institutional-grade crypto lending and savings platforms in the world.

Core Mechanism

Nexo operates as a full-service crypto financial institution, bridging the gap between traditional lending and decentralized asset ownership. The platform holds users' crypto as collateral to extend fiat or stablecoin credit lines, while simultaneously deploying deposited assets to generate yield that is passed back to savers. This model allows holders to access liquidity without selling — avoiding taxable events — while still participating in potential upside on their holdings.

Key Products and Features

Savings (Earn) Nexo offers two savings structures for crypto deposits:

• Flexible Savings: Daily compound interest with no lock-up periods, giving depositors full liquidity at all times.
• Fixed-term Savings: Higher annual rates in exchange for committing funds for set periods up to 12 months.

Rates vary by asset and loyalty tier, with up to 16% APY available on select stablecoins and up to 8% APY on Solana (SOL). Higher rates are unlocked by holding NEXO tokens, Nexo's native utility and loyalty token.

Crypto Credit Lines Users can borrow stablecoins or fiat against their crypto collateral with no credit checks, no fixed repayment schedules, and same-day or next-business-day funding. Credit lines for SOL collateral operate at up to 30% loan-to-value (LTV), with standard interest rates starting at 1.9% annually. Funds can be received as stablecoins directly into the Nexo account or as fiat via bank transfer, with individual daily limits up to $2 million and up to $200 million for private clients.

Zero-Interest Credit (ZiC) Nexo's flagship innovation is its Zero-Interest Credit product, which offers 0% APR, no-liquidation crypto-backed loans for fixed durations. Nexo was the first platform to extend ZiC to SOL and XRP collateral, in addition to BTC and ETH. SOL-backed ZiC requires a minimum of 100 SOL as collateral at a 30% LTV. Borrowers lock in a known repayment structure upfront with no risk of forced liquidation during the loan term. ZiC was named "Consumer Lending Product of the Year" at the FinTech Breakthrough Awards in March 2026, and has generated over $170 million in total loan volume, with a 66% renewal rate and an average of four renewals per borrower.

Exchange Nexo's built-in exchange supports swaps across more than 100 digital assets, allowing users to rebalance portfolios without leaving the platform.

Nexo Card The Nexo Card is a crypto-linked debit and credit card that enables everyday spending while the underlying assets continue earning interest. Cardholders receive up to 2% cashback, denominated in BTC or NEXO tokens.

Futures and Advanced Trading The platform also offers perpetuals trading (longs and shorts) for users seeking leveraged exposure to crypto price movements.

Private Clients Accounts exceeding $100,000 qualify for the Private Clients tier, which unlocks zero-interest credit lines, dedicated support, and bespoke liquidity solutions.

Solana Integration

Nexo offers deep, first-class support for Solana across its product suite. SOL holders can:

• Deposit SOL for flexible or fixed-term savings earning up to 8% APY
• Use SOL as collateral for standard credit lines at rates from 1.9%
• Access zero-interest, no-liquidation credit lines backed by SOL (minimum 100 SOL)

Nexo's expansion of Zero-Interest Credit to SOL was significant — it was the first time 0% APR, no-liquidation lending was offered on Solana collateral anywhere in the industry. The move reflects Solana's growing role in institutional crypto finance: while BTC and ETH make up roughly 70% of Nexo's collateral volume, SOL and XRP lead the alternative-asset segment, which accounts for over 30% of all loan activity on the platform.

NEXO Token

The NEXO token is the platform's native utility and loyalty token. Holding NEXO tokens elevates users to higher loyalty tiers, which unlocks better savings rates, lower borrowing costs, and additional platform benefits. NEXO is supported across the savings and credit line products and can be used to receive cashback from the Nexo Card.

Security and Compliance

Nexo holds a rigorous and continuously renewed stack of security certifications:

• SOC 2 Type 2 — independently audited operational security controls and processes, renewed annually by A-LIGN
• SOC 3 — public-facing summary of the SOC 2 audit
• ISO/IEC 27001:2013 — certified information security management standard
• CCSS Level 3 — the highest tier of the Cryptocurrency Security Standard for asset custody

The platform operates under regulatory licenses and registrations across 200+ jurisdictions, positioning it among the most compliance-focused centralized crypto platforms globally. Nexo also holds regulated status and payment institution authorizations in a number of European and other jurisdictions.

Background

Nexo was founded in 2018 and is headquartered in Zug, Switzerland. It is backed by TechCrunch co-founder Michael Arrington's fund and launched with a focus on bringing institutional-grade financial infrastructure to crypto asset holders. The platform expanded into Australia in 2026 after securing local credit authorization, reflecting continued regulated global growth.

Fit in the Solana Ecosystem

Nexo occupies a distinct position in the Solana ecosystem as a centralized, regulated off-ramp and liquidity layer for SOL holders. It does not compete with on-chain DeFi lending protocols like Solend or MarginFi, but instead serves users who want the simplicity and security of a regulated custodial product — particularly those who hold large SOL positions and want to generate yield or access liquidity without selling. The Zero-Interest Credit product for SOL holders is a standout offering with no direct equivalent in the DeFi space, making Nexo a meaningful complementary venue for Solana's growing institutional and high-net-worth user base.