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Nexo partners with Three Arrows Capital to launch NFT lending & art financing service
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Nexo, the crypto borrowing and exchange platform, has launched an NFT Lending Desk in partnership with NFT hedge fund Three Arrows Capital. The new lending desk caters to over-the-counter, or OTC, clients to offer crypto credit backed by NFTs. Nexo is one of the first crypto lenders to allow customers to borrow stablecoins, ETH, and other cryptocurrencies using certain NFTs as collateral.
The company stated that in its initial iteration, the service will accept Bored Ape Yacht Club and
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