IOHK have just announced another strategic partnership with Nexo who have just added ADA to their platform. Eric Czuleger writes:
As we move towards the Alonzo upgrade, IOHK is establishing strategic partnerships with organizations like Orion and Nervos to expand the Cardano ecosystem. Now, we’re adding Nexo to our growing list of collaborators. Nexo is a leading institution for building value in the decentralized finance (DeFi) space. The Cardano integration comes from increasing demand from both Nexo clients and ada holders.https://iohk.io/en/blog/posts/2021/06/30/digital-lending-platform-nexo-integrates-cardano/
Nexo provide borrowing and lending facilities which allow customers to use crypto assets as collateral, an important capability to grow the utility of the ecosystem.
Another strong addition to the growing list of partnerships for Cardano by the IOHK team. More good news for existing ADA Hodlers.