Nexo Brings Regulated Crypto-Backed Credit Lines to Australia

Nexo has launched regulated crypto-backed credit lines in Australia after securing Credit Representative status. This allows eligible clients to access liquidity without selling their digital assets.

The company's Australian entity has launched Credit Lines under the National Consumer Credit Protection Act, positioning Nexo among a small group of digital asset platforms offering regulated crypto-backed credit in Australia.

Nexo's new Credit Lines allow eligible Australian clients to borrow against supported digital assets while maintaining exposure to those assets. Interest rates range from 0.9% to 21.9% annually, depending on the client's loyalty tier and Credit Line version. Funds are typically available within 24 hours, without a fixed repayment term or origination fees.

The company has also introduced Collateral Exchange, allowing clients to switch between eligible collateral assets without closing their Credit Line. Nexo sees an opportunity in Australia's growing cryptocurrency ownership and credit markets, with nearly one in three Australians owning cryptocurrency.