Nexo launches regulated crypto-backed credit in Australia

Nexo has launched regulated, cryptocurrency-backed credit lines in Australia, enabling users to access liquidity by borrowing against their digital assets. The company obtained a credit representative license under Australia’s National Consumer Credit Protection Act. Nexo Australia clients can borrow Australian dollars or stablecoins, using their cryptocurrencies as collateral without the need to sell them.

Funds are typically available within 24 hours, with flexible repayment options, no fixed term, and no origination fees. Interest rates range between 0.9% and 21.9%, based on the credit line and client’s loyalty tier. Nexo offers two types of credit lines: Smart and Standard, with differences in rates, asset selection, and collateral management when loan-to-value ratios increase.

Borrowing against digital assets carries risks of margin calls and liquidation, potentially leading to losses if the collateral value drops. Nexo is one of the few crypto platforms providing regulated credit lines to Australian users. In May 2026, another crypto company, Block Earner, secured its own Australian Credit License from ASIC, becoming the first such platform in the country.

Nexo Australia holds a virtual asset service provider registration with AUSTRAC and is a member of the Australian Financial Complaints Authority (AFCA).