NEXO Tokens are the world’s first compliant dividend-paying asset-backed security tokens with utility features.
Yes, the NEXO Tokens can be used as collateral.
The NEXO Token also has excellent utility features:
- Stacking NEXO Tokens give you a 50% discount on the accumulated interest.
- The deposited NEXO Tokens you use as collateral are also eligible for the Nexo dividend payouts as long as two conditions are met:
- NEXO Token Holders must undergo one-time KYC (Advanced Verification) just as they would do at any other compliant financial institution. Nexo’s KYC process is straightforward, fully automated and usually takes less than two minutes;
- NEXO Tokens must be held/staked in your Nexo Wallets at the ex-dividend date.