Nexo Australia has launched regulated crypto-backed credit lines in Australia, allowing users to unlock liquidity in Australian dollars or stablecoins by borrowing against their digital assets.
In a Tuesday announcement shared with Cointelegraph, the company said the rollout came after Nexo Australia became a credit representative under Australia’s National Consumer Credit Protection Act.
Borrowing against crypto without selling holdings
The new credit lines allow eligible clients to use their cryptocurrencies as collateral and borrow either Australian dollars or stablecoins without selling those assets.
Nexo said funds are generally available within 24 hours. The product also offers flexible repayments, no fixed term and no origination fees. Interest rates range from 0.9% to 21.9%, depending on the credit line selected and the client’s loyalty tier.
Smart and Standard options
Peter Stanhope, general manager at Nexo Australia, told Cointelegraph that clients can choose between Smart and Standard credit lines.
Stanhope said, 「The main differences are in rates, asset selection, and how client collateral is managed if their [loan-to-value ratio] rises.」
Margin-call and liquidation risk remains
Nexo said borrowing against digital assets comes with margin-call and liquidation risk. If the value of collateral drops, clients could lose some or all of their pledged assets.
Nexo joins a small regulated field in Australia
The company said the launch makes Nexo one of the few crypto platforms offering regulated crypto-backed credit lines to users in Australia.
In May 2026, Block Earner became the first crypto company in Australia to secure its own Australian Credit License from the Australian Securities and Investments Commission, or ASIC.
Nexo Australia is also registered with the country’s anti-money laundering watchdog, AUSTRAC, as a virtual asset service provider. It is also a member of the Australian Financial Complaints Authority, or AFCA.