No! There are no uncollateralized loans in Nexo, this is what differentiates them to mostly everybody, definitely the more known competitors of Nexo. Nexo does not engaged in un-collateralized loans and do not plan to do them in the near future.
The portfolio booster is used by a very small % of clients, very very large clients, ultra high net worth individuals and institutions. There is more than 100% collateral, it’s just a matter of the execution, where Nexo buys the client something. It has nothing to do with uncollateralized lending at all.
That’s the point, having collateral so they don’t have to do credit ratings, etc.
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