Nexo Australia Pty Ltd has launched credit lines backed by digital assets after receiving credit authorisation under Australia’s National Consumer Credit Protection Act, the company said on Thursday.
The locally incorporated unit, registered with AUSTRAC as a virtual asset service provider, now operates as a Credit Representative with an Australian Credit Licence. Nexo Australia has also applied for an Australian Financial Services Licence with the Australian Securities and Investments Commission.
Eligible clients can access liquidity without selling their crypto holdings, with funds typically available within 24 hours. Credit lines are offered in AUD or stablecoins, feature no fixed term, no origination fees, and flexible repayments. A collateral exchange function allows borrowers to swap assets without interrupting the credit line.
Interest rates range from 0.9% to 21.9% per annum, depending on the client’s loyalty tier and credit line version. Nexo’s Wealth Club loyalty programme was named Best Wealth Client Loyalty Programme for Digital CX at The Digital Banker’s 2025 Digital CX Awards.
Peter Stanhope, General Manager for Australia at Nexo, said the products were designed to align with Australian regulatory requirements and consumer protections. “We built these products to give Australian clients highly cost-competitive credit and the ability to put their digital assets to work,” he said.
Nexo Australia is a subsidiary of Nexo, which reports more than US$7 billion in assets under management and has processed over US$403 billion across its platform since 2018. The group serves clients in more than 200 jurisdictions.
Australia recorded A$9.8 billion in new personal fixed-term loan commitments in the March quarter of 2026, up 14.5% year-on-year, reflecting growing demand for alternative credit solutions.
