Is Nexo Decentralised?

Could you please elaborate on the question, "Is Nexo decentralised?" I'm interested in understanding the characteristics of Nexo that might indicate its decentralisation. Does Nexo employ blockchain technology in its operations? If so, how does this contribute to its decentralised nature? Are there any specific features or mechanisms within Nexo that promote decentralisation? Additionally, how does Nexo's decentralisation compare to other similar platforms in the cryptocurrency and finance space? I'm keen to gain a deeper understanding of Nexo's decentralisation status and its implications in the wider crypto ecosystem.