Australia’s Block Earner Secures ASIC Credit Licence in Major Boost for Crypto Lending

Block Earner has secured an Australian Credit Licence from ASIC, becoming the first digital asset platform in Australia allowed to directly provide regulated crypto-backed credit products under its own licence. The Sydney-based fintech says the approval creates a regulated pathway for Australians to use cryptocurrency holdings as collateral for lending products, including home loans. The company already claims more than $500 million in mortgage demand through its waitlist service. The licence approval follows Block Earner’s major court victory against ASIC last year and comes as Australia prepares broader reforms for the country’s growing digital asset and cryptocurrency sector.