Nexo launches regulated crypto-backed credit in Australia

Latest NewsPublishedAug 19, 2026Nexo introduced regulated, cryptocurrency-backed credit lines that allow users to access liquidity in Australian dollars or stablecoins by borrowing against their digital assets.Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company said in a Tuesday announcement shared with Cointelegraph.The new credit lines allow eligible clients to borrow Australian dollars or stablecoins by using their cryptocurrencies as collateral without having to sell them. Funds are generally available within 24 hours with flexible repayments, with no fixed term or origination fees. Interest rates range from 0.9% to 21.9%, depending on the credit line and the client’s loyalty tier.Clients can choose between Smart and Standard credit lines, Peter Stanhope, general manager at Nexo Australia, told Cointelegraph.“The main differences are in rates, asset selection, and how client collateral is managed if their [loan-to-value ratio] rises,” Stanhope said.Nexo said borrowing against digital assets carries margin-call and liquidation risks, meaning clients could lose some or all...