Nexo Australia has launched crypto-backed credit lines after being approved as a credit representative under Australian financial services consumer protection law. The company announced this in a statement to Cointelegraph on Tuesday.
The new credit lines allow qualifying clients to borrow Australian dollars or stablecoins against their crypto assets without selling them.
Funds are typically made available within 24 hours. Clients are offered flexible repayment terms, no fixed term, and no origination fees. Interest rates range from 0.9% to 21.9% APR, depending on the credit line and the client's loyalty tier.
Clients can choose between Smart and Standard credit lines, Nexo Australia General Manager Peter Stanhope told Cointelegraph.
"The key differences are in rates, asset selection, and the management of a client's collateral if the [loan-to-value ratio] increases," Stanhope said.
Nexo warned that loans backed by digital assets carry the risk of margin calls and liquidation. If the collateral value decreases, clients may lose part or all of their collateral.
This makes Nexo one of the few crypto platforms offering Australian users regulated crypto-backed credit lines. In May 2026, Block Earner became the first crypto firm in Australia to receive its own Australian credit license from ASIC.
Nexo Australia is registered with the Australian anti-money laundering authority AUSTRAC as a Virtual Asset Service Provider and is a member of the Australian Financial Complaints Authority (AFCA).
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