Please login or sign up to post and edit reviews.
The Evolution of Crypto-Backed Loans w/ Antoni Trenchev from Nexo (Ep. 0064) - Publication Date |
- Dec 11, 2019
- Episode Duration |
- 01:00:20
Welcome to this conversation with Antoni Trenchev, co-founder and Managing Partner at Nexo, a provider of instant cryptoasset-backed loans and high-yield savings products. Since the April 2018 ICO of their NEXO token, the company has processed over $1 billion dollars in transactions.
My conversation with Antoni is split into 5 chapters:
- Chapter 1: Nexo’s business model and some of its products
- Chapter 2: The lifecycle of a Nexo loan
- Chapter 3: A history and evolution of cryptoasset-backed lending
- Chapter 4: The present state of crypto-backed lending
- Chapter 5: The future of the space
In this episode, we discuss:
- Antoni’s background prior to Nexo
- Nexo's origin as a hand-drawn graphic on a piece of paper
- Bitcoin (BTC) forums & the early days of crypto-backed lending
- The mechanics of serving customers in 200+ jurisdictions
- The challenge of complying with diverse US state laws
- Nexo's zero-fee model – they only make money from loan interest
- Why Nexo doesn't pay interest on crypto – yet
- The fortuitous timing of the NEXO token sale
- Common uses cases for cryptoasset-backed loans
- Pledging crypto as collateral to minimize taxes
- How to apply for a Nexo loan
- Consumer benefits of dynamic credit lines
- The Nexo credit card
- The size of the cryptoasset-backed lending space
- Extending loans against tokenized physical gold
- KYC and AML for crypto-backed lending
- Why Antoni sees Nexo as a financial institution and a software company
- The importance of simple, transparent regulation
Sponsor: Nomics’ Cryptocurrency Market Data APIIf you spend too much time cleaning up and maintaining datasets & ingesting crypto market cap data from cryptoasset exchanges, then check us out.
This episode could use a review!
This episode could use a review! Have anything to say about it? Share your thoughts using the button below.
Submit Review