Nexo Brings Regulated Crypto-Backed Credit Lines to Australian Market

Nexo Group has made significant inroads into Australia's financial market by launching regulated crypto-backed credit lines. The company announced on August 18, 2026, that Nexo Australia had been appointed as a Credit Representative under the National Consumer Credit Protection Act.

This appointment marks a major milestone for Nexo, placing its consumer lending within Australia's regulated credit framework. The new product allows clients to borrow against eligible digital assets and receive payouts in Australian dollars or stablecoins, with interest rates ranging from 0.9% to 21.9% per annum.

Nexo Growth returns to the Australian market with up to 10% annual returns on supported assets, although no guarantee is provided. The company reports over US$7 billion in assets under management and clients in more than 200 jurisdictions worldwide.