Nexo launches crypto-backed credit lines in Australia

Nexo Australia has launched crypto-backed Credit Lines in Australia after being appointed a Credit Representative, bringing the product within the country's consumer credit framework.

The move makes Nexo one of a small number of digital asset platforms in Australia offering regulated credit secured against cryptocurrency holdings. The lending product operates under the National Consumer Credit Protection Act and is aimed at eligible clients who want to borrow without selling their digital assets.

The launch expands the company's local offering beyond trading and yield products. Credit Lines now sit alongside Nexo Exchange, the newly rebranded Nexo Growth product, Nexo Booster and the Wealth Club loyalty programme on the Australian platform.

Eligible customers can borrow against a range of digital assets and receive funds in either AUD or stablecoins. Funds are typically available within 24 hours, with interest rates ranging from 0.9% to 21.9% a year depending on the customer's loyalty tier and the version of the Credit Line.

The structure includes no fixed term, no origination fees and flexible repayments. Australian clients also receive a dedicated AUD account number for deposits, intended to reduce errors and delays in transfers to crypto platforms.

A feature called Collateral Exchange allows borrowers to switch among eligible collateral assets without interrupting the loan, letting them rebalance holdings while maintaining access to their credit line.

Broader push

Nexo has also returned its yield product to the Australian market under the name Nexo Growth. The product offers returns of up to 10% a year on supported assets, with rates varying by asset and term, across flexible and fixed-term options.

The company is also introducing Nexo Booster in Australia, allowing clients to increase their digital asset exposure by up to three times using new positions as collateral. Wealth Club, the group's loyalty programme, links customer activity to borrowing rates, cashback and other benefits across four tiers.

The Australian expansion comes as digital asset ownership remains relatively high in the country and personal lending continues to rise. Nexo cited data showing nearly one in three Australians owns cryptocurrency, while new personal fixed-term loan commitments reached AUD $9.8 billion in the March quarter, up 14.5% from a year earlier.

Together, those trends have created an opening for firms offering financial services built around crypto holdings rather than limiting products to buying, selling and custody. For lenders, the challenge has been fitting those services within local regulation while providing enough consumer safeguards to broaden the addressable market.

Local structure

Nexo Australia is locally incorporated, registered with AUSTRAC as a Virtual Asset Service Provider, and a member of the Australian Financial Complaints Authority. Its local credit offering has been structured to align with Australian consumer credit rules.

The business is part of Nexo Group, which says it has more than US$7 billion in assets under management and clients in more than 200 jurisdictions. The group says it has processed more than US$403 billion since it began operating.

Australia has become an increasingly contested market for global crypto firms seeking deeper ties with retail investors who hold digital assets but want access to more familiar financial tools such as lending and yield products. The regulated status of those offerings is likely to become a more important differentiator as scrutiny of consumer protections grows.

Peter Stanhope, General Manager for Australia at Nexo, said the company had built the products around local rules and borrower safeguards.

"The Australian market is ready for a better, more integrated model. We built these products to give Australian clients highly cost-competitive credit and the ability to put their digital assets to work, whilst assessing each product against the applicable Australian framework, and building regulatory requirements and consumer protections into the design from the outset," Stanhope said.