If you are the owner of digital artwork looking to tap into the value of your collections without selling them, Nexo’s got you covered. You are now able to use your NFTs as collateral and borrow against them through our OTC service. Below are the keypoints:
Supported collections: Bored Ape Yacht Club & CryptoPunks. More collections are on the way and will be announced in the following weeks.
Loan currencies: Stablecoins and ETH among other cryptos are availаble for loan withdrawals.
Loan-to-Value ratio: up to 20%
No risk of liquidations: There are no automated repayments even if the price of your NFT decreases
No Credit Checks: Prompt loan approval without the hassle of credit scores and inquiries.
White-Glove Service: You will be assigned a dedicated account manager to help you fully utilize our new product.
How to Get Started?
Since the NFT Lending Desk is an OTC service, clients who wish to apply for NFT-backed loans will have to fill out our specialized contact form. Here is how:
- Go to the NFT Lending page and click the “Apply Now” button.
- Fill out the form. Make sure you have your Bored Ape/CryptoPunk’s ID, you’ll need it to complete this step.
- Once you submit the form, a Nexo representative will contact you promptly.
Please, be aware that due to our team’s capacity, we will only respond to requests that include the required information about the client’s ownership of an NFT from one of the supported collections.