Nexo launches regulated crypto-backed credit in Australia
Nexo Australia has launched crypto-backed credit lines after registering as a credit representative under Australia’s National Consumer Credit Protection Act. Eligible customers can borrow Australian dollars or stablecoins using their crypto as collateral without selling their holdings. Loans are typically funded within 24 hours and come with flexible repayments, no fixed term, and no origination fees. Interest rates range from 0.9% to 21.9%, depending on the product and loyalty tier. Clients can choose between Smart and Standard credit lines, which differ in rates, eligible assets, and how collateral is handled if loan-to-value levels rise. Nexo warned that borrowing against digital assets carries margin-call and liquidation risk, so customers could lose part or all of their collateral if prices fall. The launch makes Nexo one of the few regulated crypto lenders offering this service in Australia.
