- Nexo adds SOL and XRP to its cryptocurrency-backed credit product at 0% APR.
- ZiC allows users to borrow at 0% interest without the risk of liquidation.
- Over 30% of Nexo loans now use collateral other than BTC and ETH.
Relationship It 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, zero-liquidation lending backed by these assets.
The move expands access to interest-free borrowing beyond Bitcoin (BTC) and Ethereum (ETH), which previously dominated the platform’s collateral base.
This announcement comes as cryptocurrency-backed lending continues to evolve, as platforms seek to attract a broader base of investors by offering more flexible borrowing structures linked to digital assets.
Expansion beyond Bitcoin and Ethereum
Nexo said the addition of SOL and XRP reflects the changing collateral trends on its platform.
While Bitcoin and Ethereum still account for around 70% of total collateral volume – closely reflecting their broader market dominance – more than 30% of loans are now backed by alternative crypto assets.
SOL and XRP lead the sector, prompting the platform to expand its flagship ZiC product to include these tokens.
The company said the move allows a wider group of users to access liquidity without selling their holdings.
“Nexo has always believed in positioning itself where the market is going, not where it already is,” said Elitsa Taskova, Product Manager at Nexo. “Interest-free credit has set a new standard for Bitcoin and Ethereum holders, and expanding it to Solana and Ripple is the next logical step, and one we are taking before anyone else.”
How does the interest-free credit product work?
ZiC allows users to borrow stablecoins at a 0% annual interest rate over a specified period, with no risk of forced liquidation during the loan term.
The structure includes pre-determined repayment terms that are initially visible, providing greater predictability compared to traditional cryptocurrency lending products.
For loans backed by SOL and XRP, ZiC works at 30% loan-to-value (LTV), with minimum collateral requirements set at 100 SOL or 5,000 XRP.
The basic proposition remains unchanged: users can unlock liquidity while maintaining exposure to their cryptocurrency holdings.
The product has already seen notable traction. Nexo recorded more than $170 million in total loan volume through ZiC, along with 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 benefit from liquidity while continuing to invest.
Cryptocurrency-backed lending is growing in importance
The expansion comes amid growing recognition of cryptocurrency-secured financing in traditional financial systems.
In March 2026, US mortgage agency Fannie Mae began accepting mortgages backed by cryptocurrencies, allowing borrowers to mortgage bitcoin without monetizing their assets.
Nexo has positioned its ZiC offering within this broader trend, focusing on the demand for liquidity solutions that do not require asset sales.
The company said the product expansion to include SOL and XRP is in line with growing diversification in cryptocurrency portfolios and evolving borrower preferences.
