Nexo launches regulated crypto-backed credit lines in Australia

Nexo Australia now offers regulated crypto-backed credit lines, letting clients borrow AUD or stablecoins against digital assets with flexible terms, interest rates from 0.9% to 21.9%, and strong consumer protections.

Nexo Australia has launched regulated crypto-backed credit lines after being appointed as a Credit Representative under the National Consumer Credit Protection Act. Eligible clients can now borrow Australian dollars or stablecoins against their digital assets without selling them, with funds typically available within 24 hours. Interest rates range from 0.9% to 21.9% per annum, depending on the credit line type and the client's loyalty tier. The service features flexible repayments, no fixed term, and no origination fees. Clients can choose between Smart and Standard credit lines, which differ in interest rates, asset selection, and collateral management. Additional offerings include Nexo Booster, the Wealth Club loyalty program, Collateral Exchange, and the rebranded Nexo Growth product, all integrated into the Australian platform. Nexo Australia is registered with AUSTRAC and is a member of the Australian Financial Complaints Authority (AFCA), ensuring regulatory compliance and consumer protection. This launch positions Nexo among the few platforms in Australia providing regulated crypto-backed credit products.