Nexo Australia Launches Regulated Crypto-Backed Loans

Nexo Australia has launched a regulated cryptocurrency-backed lending service, allowing eligible clients to borrow against their digital assets without selling them. The service, which began on August 19, 2026, follows the company's appointment as a Credit Representative under Australian law, enabling it to offer loans compliant with the National Consumer Credit Protection Act.

The new Credit Lines allow clients to use supported digital assets as collateral and receive funds in Australian dollars or stablecoins. Interest rates range from 0.9% to 21.9% per annum, depending on a client's loyalty tier and the specific product version. The loans feature no fixed term or origination fees, with flexible repayment options and funds typically available within 24 hours. A feature called Collateral Exchange also lets clients swap between eligible collateral assets without interrupting an existing loan.

Nexo Australia is locally incorporated, registered with AUSTRAC as a Virtual Asset Service Provider, and is a member of the Australian Financial Complaints Authority. The company stated it assessed the Credit Lines against applicable Australian requirements before launch. "The Australian...