Block Earner has become the first crypto company to secure an ACL from the Australian Securities and Investments Commission (ASIC).

Described by the company as a “significant step” for digital assets in Australia, the decision makes it the first digital asset platform in Australia authorised to offer credit products under its own licence.

This development follows Block Earner’s launch of Australia’s first Bitcoin-backed home loan in July last year, which has since attracted more than $500 million in mortgage demand at the waitlist stage.

Block Earner co-founder and CEO Charlie Karaboga said it represents a “milestone” for the company as well as the broader digital asset industry.

“We welcome ASIC’s continued…