Goal of the Partnership
NEXO has recently joined forces with the leading digital securities issuer Securitize and will be implementing their DS protocol. The integration of the DS protocol will allow for tokenized securities that are issued by Securitize to be staked as collateral for Nexo’s instant credit lines. This will in turn provide an incredibly powerful utility to trillions of dollars worth of traditional assets.
Illustration on how Nexo and Securitize are transforming asset-backed lending:
Securitize’s innovative DS Protocol has the highest adoption rate in the industry and enable seamless, fully compliant trading across multiple markets simultaneously. 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. 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.
Jamie Finn, co-founder and president of Securitize stated: “I think our integration with Nexo will work really well because it allows us 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.”
Antoni Trenchev, Managing Partner of Nexo, noted: “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.”