Nexo has expanded its Australian offering after securing Credit Representative status, allowing eligible clients to access regulated crypto-backed credit without selling their digital assets.

The company announced on August 18 that its Australian entity has launched Credit Lines under the National Consumer Credit Protection Act. The move positions Nexo among a small group of digital asset platforms offering regulated crypto-backed credit in Australia.

The launch also expands Nexo’s local offering beyond trading and asset management, as the company looks to combine borrowing, earning and digital-asset management through a single platform.

Nexo brings crypto-backed credit to Australian clients

Nexo’s new Credit Lines allow eligible Australian…