Nexo Australia launches regulated crypto-backed credit lines

Nexo Australia has been appointed as a Credit Representative under the National Consumer Credit Protection Act. This regulatory milestone allows the company to launch crypto-backed credit lines in the Australian market, starting August 18, 2026.

The new credit lines enable eligible clients to access liquidity by using their digital assets as collateral without the need to sell them, allowing for continued market exposure. Interest rates for these lines range from 0.9% to 21.9% per annum, depending on the client's loyalty tier and specific credit line version. The service features no fixed terms, no origination fees, and flexible repayment options.

Nexo Australia is locally incorporated, registered with AUSTRAC as a Virtual Asset Service Provider, and is a member of the Australian Financial Complaints Authority (AFCA). The platform offers payouts in both AUD and stablecoins, and provides clients with dedicated AUD account numbers for deposits to minimize delays.