Nexo Australia launched regulated lending backed by digital assets. Customers can access funds in Australian dollars or stablecoins without selling their crypto.
Nexo Australia, the Australian arm of international digital asset wealth platform Nexo, secured credit representative status and launched credit lines under the National Consumer Credit Protection Act 2009 (NCCP Act), Australia’s consumer credit legislation. The company became one of the few crypto platforms in the country to offer regulated loans backed by digital assets.
Loans to individuals are provided by Nexo Individual Loans Pty Ltd and serviced by Avgi Pty Ltd, which operates under Australian Credit Licence No. 567308. Nexo Australia manages the product. Corporate lending is handled by Nexo Loans Pty Ltd.
Nexo has provided crypto lending, trading, and yield-generating services since 2018. The company has a presence in more than 200 jurisdictions. Its assets under management exceeded $7 billion as of Q2 2026. Nexo Australia operates in the Australian market as a virtual asset service provider (VASP) registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and is a member of the Australian Financial Complaints Authority (AFCA). The company also applied to the Australian Securities and Investments Commission (ASIC) for an Australian Financial Services Licence.
Customers can use more than 100 supported digital assets as collateral, including BTC, ETH, USDT, and USDC, and borrow funds without selling them. Interest rates range from 0.9% to 21.9% per year, depending on the type of credit line and the customer’s loyalty program tier. Funds are provided within 24 hours.
The credit lines have no fixed term or origination fee, and borrowers can repay their debt on a flexible schedule. Payouts are available in Australian dollars and stablecoins.
In addition to credit lines, Nexo expanded the range of features and products available in Australia. These include:
- Collateral Exchange, which lets customers swap digital assets used as collateral without closing an existing credit line;
- Nexo Booster, which lets customers increase their digital asset positions by up to 3x, using the acquired assets as collateral;
- Nexo Growth, which offers returns of up to 10% per year on supported assets. Flexible Growth accrues earnings daily and allows withdrawals on demand, while Fixed-term Growth locks assets for a specified period at a higher rate.
The company expanded its product lineup as Australia’s digital asset and consumer lending markets continued to grow. According to data cited by Nexo, nearly 1 in 3 Australians owns cryptocurrency. New commitments for fixed-term personal loans in the country totaled A$9.8 billion in Q1 2026, up 14.5% year over year.
In 2025, Australia issued its first 4-year mortgage that allowed borrowers to use Bitcoin as collateral to fund a down payment.
Digital assets can also officially be used as loan collateral in several other countries. Vietnam’s government allowed small and medium-sized enterprises (SMEs) to use digital and virtual assets, as well as intellectual property rights, as collateral for bank loans. Singapore’s DBS, together with Franklin Templeton and Ripple, developed a solution that allows institutional investors to use tokenized money market funds as collateral for loans. Strike launched a lending program that allows customers to borrow against Bitcoin in the U.S., while Kraken allows cryptocurrency to be used for bridge financing of loan portfolios in European and Asian countries.
