Nexo Australia has introduced regulated crypto-backed credit lines, following its registration as a credit representative under the National Consumer Credit Protection Act. The service enables eligible clients to access Australian dollar or stablecoin loans using cryptocurrencies as collateral without liquidating holdings.
Funds are typically disbursed within 24 hours, with flexible repayment terms and no origination fees. Interest rates vary from 0.9% to 21.9%, depending on the credit line and the client’s loyalty tier. Clients may choose between Smart and Standard credit lines, which differ in rates, asset selection, and collateral management protocols, according to Peter Stanhope, general manager at Nexo Australia.
The company cautioned that borrowing against digital assets carries margin-call and liquidation risks, as collateral may be lost if its value declines. Nexo Australia’s compliance framework includes registration with AUSTRAC as a virtual asset service provider and membership in the Australian Financial Complaints Authority.
The move positions Nexo among a limited number of crypto platforms offering regulated credit lines to Australian users. Block Earner became the first crypto firm in Australia to secure an Australian Credit License from ASIC in May 2026, highlighting the evolving regulatory landscape for digital asset lending in the country.
