World's most advance Cryptocurrency backed Lender Nexo now offers Instant Credit Lines backed by digital securities.
On Apr 22nd Nexo announced on its official Medium blog,
"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."
Nexo the world's first instant cryptocurrency backed loan provider is forming the gateway for both decentralized and conventional finance to tap into asset groups that have traditionally been mistreated 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.
"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."
During his recent interview at the “Borderless Crypto” podcast Jamie Finn, the co-founder and president of Securitize, explained.
“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.”
As the most advanced and trusted crypto lender, Nexo is the only blockchain company to provide its services in 45+ 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.
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.
Image Credit: Pexels