Built on the principles of financial inclusion and empowerment, Nexum is a multi-chain 'Layer 3' ecosystem designed to integrate blockchain technology into everyday financial transactions. Operating as a gateway to multiple services and ecosystems, Nexum Hub connects users with just one KYC process, unlocking a decentralized network while keeping personal data secure, private, and under user control.
The Nexum ecosystem comprises interlinked financial services products, including the only fully on-chain loan origination platform, Unbanking Shipping. This marks the first step in integrating blockchain technology with traditional finance. Additionally, Nexum Yield is not like stablecoin "staking" services, where users' stablecoin holdings are locked up in a smart contract or protocol to support the stability and operations of a blockchain network. Instead, it offers a unique tokenomics model for each product.
Nexum's loyalty program, Connecting blockchain with a new era of loyalty, transforms supermarket loyalty programs by allowing shoppers to earn crypto rewards that are secure, easy to use, and flexible enough for everyday life. The Nexum ecosystem is powered by the Nexum utility token (NEXM), an ERC20 Ethereum-minted token with bridges to Solana, Polygon, Avalanche, and Binance Smart Chain. A wrapped token is in the process of being launched to accommodate non-ERC20 networks.
The development of blockchain technology will prove to be a pivotal event in the history of financial services, according to Craig Cosham, Chief Executive Officer of Nexum. The effects of every technological advancement take time to be felt, particularly when they impact highly regulated industries. The underlying technology has now reached the level of maturity necessary to effect real change.
Nexum's vision is to empower individuals by removing barriers and facilitating financial inclusion. With a focus on user-friendly and regulatory-compliant products, Nexum aims to put the individual back in control of their financial transactions.
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