Block Earner has launched Australia’s first crypto-backed lending platform to hold an Australian Credit Licence, using infrastructure from Fireblocks.

The platform lets Australian borrowers take out loans in Australian dollars against their crypto holdings without selling the underlying assets. It is aimed at digital asset holders seeking access to credit through a regulated structure.

Fireblocks provides the custody technology behind the service. Block Earner has adopted its multi-party computation technology to manage customer collateral and remove single points of failure in its digital asset operations.

That is significant because crypto-backed lending has often sat outside mainstream consumer finance rules, while…