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Retail Investors Are Now Able To Use Paxos Gold As Collateral Against Loans

Ramsey Baker

Summary: Nexo, the Crypto-lending platform, has opened up the option to use PAX Gold (PAXG) as collateral against its loans to retail investors. The pilot scheme, which launched in September 2019, was only open to institutional clients and purportedly saw immediate demand for its gold-backed credit lines. The PAXG token is fully-backed and redeemable for physical ...

Nexo, the Crypto-lending platform, has opened up the option to use PAX Gold (PAXG) as collateral against its loans to retail investors.

The pilot scheme, which launched in September 2019, was only open to institutional clients and purportedly saw immediate demand for its gold-backed credit lines. The PAXG token is fully-backed and redeemable for physical gold, stored in secure vaults.

By Ramsey Baker

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Link: Retail Investors Are Now Able To Use Paxos Gold As Collateral Against Loans   [Copy]
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