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Instant Credit Lines Backed by Digital Security Assets

Apr 22, 2019·3 min read
Instant Credit Lines Backed by Digital Security Assets

As the world’s most advanced and trusted crypto lender, Nexo’s unique value proposition has always been the notion of bringing radical change to the traditional world of banking.

We are thrilled to be embarking on the very exciting path to provide instant credit lines backed by digital security assets. In order to accomplish this, we are joining forces with the leading digital securities issuer Securitize and will be implementing their DS protocol.

Making Illiquid Securities Liquid

Our partnership with Securitize and the integration of the DS protocol allows for tokenized securities issued by Securitize to be staked as collateral for Nexo’s instant credit lines, providing an incredibly powerful utility to trillions of dollars worth of traditional assets.

Predictions are notoriously hard to make, especially about the future, but at Nexo, we are convinced that the best way to prepare for the future is to create it yourself.

Nexo is creating the gateway for both decentralized and traditional finance to tap into asset classes that have traditionally been tormented by lack of liquidity. Investment funds, real estate projects, and private equity offerings are but a few examples of the direct beneficiaries of fractional ownership that the quick tokenization of the world has to offer.

This collaboration with Securitize brings the addressable market for the Nexo enterprise to a whole new level as it creates the possibility for clients to borrow against their real estate, equities, bonds, etc.

This simple but at the same time cutting-edge manner of conducting business gives Nexo’s clients the means to enjoy the value of their tokenized assets while retaining ownership of them, as they borrow against them rather than sell them. A method that is very tax-efficient and has been dubbed the billionaire’s strategy for decades now.

Nexo’s track record shows the company’s savoir-faire in challenging fields and taking customer relationship in high regard has been expressed in myriad ways thus far, one of which is simplifying the basic rules of investing, portfolio diversification tools and “smart money” flow and paving the road to their future utility by adding digital securities as a collateral option to the Nexo platform together with Securitize.

Bridging the gaps — between banking and crypto, the technology and the user, illiquid asset classes and digital securities, but above all, between the present and the future, is one of the driving forces for Nexo and our mission to enhance the banking experience globally.

Accessing Liquidity in a Few Clicks with Nexo

During his recent interview at the “Borderless Crypto” podcast Jamie Finn, the co-founder and president of Securitize, explained leveraging securities with Nexo in the following way:

“I think our integration with Nexo will work really well because it allows me to do something that I can’t normally do without a whole bunch of other parties involved. To be able to go to a website, take my security, lock it up, borrow some money against it, all on my own, without another human involved, is amazing.”

Listen to the whole interview with Jamie on the “Borderless Crypto” podcast, where he shares his rationale as to why all securities will be inevitably tokenized, how STOs can replace IPOs, and how he would love to see even his favorite football team, Chelsea, get tokenized.

Making Asset backed Lending Easy, Fast, and Efficient

Antoni Trenchev, Managing Partner of Nexo, stated: “We are excited to be expanding instant liquidity opportunities beyond cryptocurrencies into traditional asset classes that are being brought on the blockchain with the help of our partners from Securitize.”

Here is an illustration of how Nexo and Securitize are transforming asset-backed lending.

About Nexo

As the most advanced and trusted crypto lender, Nexo is the only blockchain company to provide its services in 40+ fiat currencies and more than 200 jurisdictions and offer digital asset holders the best of both worlds — instant access to cash while retaining ownership of their assets.

The orthodox example of leveraging your assets on the Nexo platform would be to simply transfer your crypto as collateral — Bitcoin (BTC), Ether (ETH), XRP, Nexo Tokens and the Binance Coin (BNB) — and instantly get access to a crypto credit line allowing you to withdraw amounts from $500 up to $2,000,000 in a fully automated manner.

Being prudent when taking out a much-needed loan is crucial for Nexo’s 180 000+ user base, therefore we have recently become the only crypto lender to offer insurance on custodial assets of up to $100M through BitGo’s arrangement with Lloyd’s.

About Securitize

Securitize delivers trusted global solutions for creating compliant digital securities. The Securitize compliance platform and protocol provide a proven, full-stack solution for issuing and managing digital securities (security tokens). Securitize’s innovative DS Protocol has the highest adoption rate in the industry and enables seamless, fully compliant trading across multiple markets simultaneously. Multiple Securitize powered digital securities are already trading globally on public marketplaces with many more in the pipeline.

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