Nexo launches regulated crypto-backed credit in Australia

Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company said in a Tuesday announcement shared with Cointelegraph.

The new credit lines allow eligible clients to borrow Australian dollars or stablecoins by using their cryptocurrencies as collateral without having to sell them.

Funds are generally available within 24 hours with flexible repayments, with no fixed term or origination fees. Interest rates range from 0.9% to 21.9%, depending on the credit line and the client’s loyalty tier.

Clients can choose between Smart and Standard credit lines, Peter Stanhope, general manager at Nexo Australia, told Cointelegraph.

“The main differences are in rates, asset selection, and how client collateral is managed if their [loan-to-value ratio] rises,” Stanhope said.

Nexo said borrowing against digital assets carries margin-call and liquidation risks, meaning clients could lose some or all of their collateral if its value falls.

The milestone makes Nexo one of the few crypto platforms to offer regulated crypto-backed credit lines to Australian users. In May 2026, Block Earner became the first crypto company in Australia to secure its own Australian Credit License from ASIC.