A new, fully transparent, safe yield, lending protocol based on the shipping industry

Panos Georgolios
3 min readOct 11, 2022


The Nexum Fund

What happens when you deposit $1000 in your account at your local bank?

You entrust your hard earned money to your bank and allow them to manage it as they see fit so they can make a profit and still be able to return it to you when you need it.

Bank consortiums and central bank sponsored systems allow you and your bank to make payments, and buy goods or services with your money.

Ok so that’s great.

But what really happens to your money once they hit your account? Can anyone really know?

In principle some of it is used for the bank to lend money to other people or entities, some is used as collateral for the bank speculate in the capital and derivatives markets, and some of it is used for the support of the bank infrastructure and payroll.

Banks make money from lending, commissions for arranging transactions, trading, speculation, market manipulation and front-running clients, all activities enabled by their balance sheet containing the depositors’ and shareholders’ capital.

Bank regulators, central banks and shareholders, let alone depositors often are not privy to the big risks banks take and in times of trouble, like 2007–2008 crisis, banks fail over a weekend, when they are closed and depositors cannot withdraw any money. There were 168 bank failures in the US alone in 2007–2009 recession.

Only 3 years later in 2012, Greek savers had to line up for hours and were only allowed to withdraw up to €60 per person per day for many months!

Individuals can recover in the long run their deposits up to a certain amount in countries that have deposit insurance schemes, like the FDIC deposit insurance for $250 0000 in the US.

This is why most Fortune 1000 companies do not keep their cash in commercial banks, but instead have set up their own banks. Can you imagine Apple keeping their $62 billion in cash in commercial banks? They would have to keep it in 250 000 banks in the US to avoid losing some of it in a bank bankruptcy. There are only 4236 FDIC insured banks in the US and a total of 44 000 banks in the world on the last count.

As the blockchain revolution is just emerging all this is about to change.

Not because of the tech behind it, but it will change as a result of the fair request for accountability, transparency and demand for higher yield in these inflationary times from depositors.

· It will change because today we have the tech to practically answer where every dollar is at any given hour, who is using it and on that terms and how much does it yield.

· It will change because this information and the risks can be easily shared and displayed in real time

· It will change because the top 3 US banks offer savings account interest rate of 0.01–0.05% while inflation turns it into negative

· It will change as the drum beat of a new recession sounds louder and the bank failures of the previous recessions haunt the dreams of those focusing on wealth preservation.

Nexm token will place it self in the center of this transformation in the weeks to come , because Nexum blockchain is the first blockchain for shipping, the only industry big enough and decentralized enough, to support the vision of a new secure, transparent and high yield lending protocol.

Just stay tuned



Panos Georgolios

CoFounder of NEXUM, Panos holds a PhD in Artificial Intelligence. A serial entrepreneur and blockchain enthusiast, Panos has co-founded numerous tech businesses