Nexo, a leading digital assets wealth platform, has secured the "Consumer Lending Product of the Year" award at the 10th annual FinTech Breakthrough Awards for its innovative Zero-Interest Credit (ZiC) product. This recognition highlights the growing maturity and demand for structured, transparent crypto-backed lending solutions.
The ZiC product allows clients to borrow against their Bitcoin (BTC) and Ethereum (ETH) holdings at a 0% Annual Percentage Rate (APR) with no additional fees. A key innovation is its elimination of traditional risks associated with crypto lending: it removes the threat of margin calls and mid-term liquidations. Instead, loans are structured with a fixed duration and predefined price boundaries, ensuring borrowers know the exact outcome at maturity, even during periods of extreme market volatility.
Since its launch, ZiC has generated over $140 million in total loan volume. The platform reports a strong 76% borrower renewal rate, with users completing an average of 4.28 renewals each, indicating high customer satisfaction and product stickiness.
Steve Johansson, Managing Director of FinTech Breakthrough, praised the product, stating, "Nexo is redefining crypto-backed lending with its Zero-Interest Credit innovation, creating a paradigm shift in crypto credit." He emphasized that its transparent, predefined parameters reduce reliance on reactive liquidation triggers, offering a more resilient lending approach.
Elitsa Taskova, Nexo's Chief Product Officer, commented on the sector's evolution: "Crypto credit has matured significantly in recent years, and borrowers increasingly expect clearly defined outcomes and stronger collateral discipline." She noted this award marks Nexo's fourth consecutive win at the FinTech Breakthrough Awards.
The award comes as the broader crypto-collateralized lending market, valued at nearly $70 billion, shows increased emphasis on collateral discipline and risk management. This shift is creating space for maturity-based models like ZiC, which focus on predictable outcomes over sudden liquidation events.
Founded in 2018, Nexo now serves clients in over 199 jurisdictions, has processed more than $403 billion in transactions, and manages over $8 billion in assets.
