Nexo, a digital assets wealth platform, has announced that its Zero-Interest Credit (ZiC) product has been named “Consumer Lending Product of the Year” at the 10th annual FinTech Breakthrough Awards, according to a release shared with Finbold on March 19.
The product allows users to borrow against Bitcoin (BTC) or Ethereum (ETH) at 0% APR with no fees, using a fixed-duration structure with predefined repayment parameters.
Zero-interest model introduces fixed-term crypto-backed lending structure
According to the company, Zero-Interest Credit is designed to eliminate margin calls and mid-term liquidations by introducing predefined duration and price boundaries, enabling borrowers to know outcomes at maturity regardless of market volatility.
“Nexo is redefining crypto-backed lending with its Zero-Interest Credit innovation, creating a paradigm shift in crypto credit,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Through Zero-Interest Credit, Nexo introduces predefined, transparent parameters that reduce reliance on reactive liquidation triggers. Nexo delivers a more structured and resilient approach to digital asset lending. We’re pleased to recognize Zero-Interest Credit as ‘Consumer Lending Product of the Year.’”
The award comes as the crypto-collateralized lending market continues to evolve, with the sector representing an estimated $70 billion segment of digital asset finance. Nexo said the shift toward stronger collateral discipline and risk management has increased the relevance of structured lending models.
“Crypto credit has matured significantly in recent years, and borrowers increasingly expect clearly defined outcomes and stronger collateral discipline,” said Elitsa Taskova, Chief Product Officer. “Zero-Interest Credit reflects that evolution by introducing agreed maturity parameters in place of reflexive liquidation mechanics, designed for predictability across market cycles. We’re honored to see this innovation recognized and to mark our fourth consecutive win at the FinTech Breakthrough Awards.”
Since its launch, Zero-Interest Credit has generated more than $140 million in total loan volume, with Nexo reporting a 76% borrower renewal rate and an average of 4.28 renewals per user.
Featured image via Nexo.
