Nexo has expanded its Zero-interest Credit (ZiC) product to accept Solana (SOL) and Ripple (XRP) as collateral, calling the move an industry first for zero-interest, no-liquidation loans backed by these tokens. The addition broadens access to interest-free borrowing beyond the platform’s earlier BTC and ETH-only focus and signals a shift in the kinds of assets driving crypto-backed lending demand.
Why it matters
- Bitcoin and Ethereum still dominate Nexo’s collateral pool—about 70% of total collateral volume—but the company says over 30% of loans are now backed by alternative tokens. SOL and XRP lead that altcoin segment, prompting the expansion.
- Allowing SOL and XRP as ZiC collateral gives holders a way to unlock liquidity without selling their positions, a feature that increasingly appeals to investors wanting exposure to upside while meeting short-term funding needs.
How ZiC works
- ZiC lets users borrow stablecoins at 0% APR for a fixed term with no forced liquidations during that period. Repayment terms are predefined and visible at the outset, offering greater predictability than many traditional crypto loans.
- For SOL- and XRP-backed loans the parameters are a 30% loan-to-value (LTV) ratio and minimum collateral amounts of 100 SOL or 5,000 XRP.
- Nexo stresses the core proposition remains the same: liquidity without giving up exposure to the underlying assets.
Performance so far
- Nexo reports more than $170 million in total ZiC loan volume.
- Borrower metrics include a 66% renewal rate and an average of four renewals per user.
- More than half of borrowed funds reportedly remain on the platform, suggesting users are leveraging liquidity while staying invested in Nexo’s ecosystem.
Company comment and market context
“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, Nexo’s Chief Product Officer.
The move arrives as crypto-collateralized financing gains broader recognition in traditional finance—most notably in March 2026, when US mortgage agency Fannie Mae began accepting crypto-backed mortgages that allow borrowers to pledge Bitcoin rather than sell it. Nexo frames the ZiC expansion as aligning with diversification trends in crypto portfolios and growing borrower demand for liquidity solutions that don’t force asset sales.
Bottom line: By adding SOL and XRP to its zero-interest, no-liquidation offering, Nexo aims to widen access to its flagship lending product and tap a growing segment of altcoin-backed borrowers—an evolution that could influence how other lenders structure collateral options going forward.
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