#USA #Miami #Bitcoin #Milo #Crypto Mortgage

Milo Achieves Significant Milestone in Crypto Mortgages

Milo, an innovative financial technology company and frontrunner in crypto mortgage lending, has officially surpassed the impressive milestone of $65 million in total loan volume specifically for its crypto mortgage offerings. This achievement not only underscores the increasing demand for alternative financing solutions but also validates the use of cryptocurrencies, notably Bitcoin (BTC) and Ethereum (ETH), as acceptable assets for securing home loans.

To put this in perspective, Milo has successfully originated over $250 million in mortgages across various loan products, reflecting their expertise and the burgeoning market interest in their inventive lending solutions. Josip Rupena, the CEO and founder of Milo, stated, “Our mission is to bridge the gap between digital assets and real estate, enabling clients to leverage their crypto holdings to build long-term wealth.”

For a significant number of customers, relying solely on fiat liquidity is often insufficient to qualify for a mortgage. Milo positions itself as a game-changer in this domain by allowing Bitcoin wealth to be counted as part of the mortgage eligibility criteria. As the demand for Bitcoin continues to grow, their solutions are becoming increasingly essential, enabling customers to retain their Bitcoin investments while purchasing homes.

Milo provides attractive financing options for homebuyers, offering up to 100% financing with loan amounts reaching as high as $5 million, which eliminates the cash down payment requirement. By using BTC or ETH as collateral, clients have the opportunity to diversify their investment portfolios into the real estate sector while still staying exposed to potential increases in the value of their crypto holdings. Furthermore, client assets are safeguarded through prominent custodians such as Coinbase and BitGo, ensuring a high level of security.

The commitment to regulatory compliance is evident as Milo operates under strict oversight, asserting its status as a trusted and SOC 2 compliant licensed lender. The positive feedback from clients showcases the impact of Milo’s mortgage solutions; in fact, Miami’s Mayor Francis Suarez, notably the first mayor to receive his salary in Bitcoin and utilize a crypto mortgage, praised Milo’s innovative approach. Mayor Suarez stated, “Milo's crypto mortgage let me leverage my Bitcoin to buy property without selling my holdings. This is the future of finance, and it's happening right here in Miami.”

Clients using Milo's crypto mortgage solutions have collectively managed to increase their Bitcoin wealth by an estimated $50 million by avoiding forced liquidations for cash down payments. Moreover, the company has successfully returned over $30 million in Bitcoin to clients who have either paid down or fully repaid their loans. Remarkably, Milo has never issued a margin call, even during times of extreme market volatility, showcasing their dedication to financial stability and responsible lending practices.

In its ongoing effort to adapt to the needs of digital asset holders, Milo has recently introduced a new crypto loan product designed for clients seeking additional liquidity beyond traditional mortgage services. This product, which was soft-launched in the fourth quarter of 2024 to Milo’s existing customers, aligns seamlessly with the company’s vision of assisting clients in retaining their cryptocurrency assets while utilizing them to enhance their financial flexibility.

As Milo continues to discuss plans to roll out further lending solutions in the coming months, it's clear that the company remains committed to fostering innovation in the financial services sector, particularly for the digital asset community. With a blend of state-of-the-art technology and deep industry knowledge, Milo aims to ensure that homeownership and lending services are accessible and straightforward for cryptocurrency investors.

About Milo

Milo is a pioneering financial technology company that is revolutionizing access to financial solutions for digital asset holders. By leveraging its proprietary technology stack, Milo introduced the first crypto mortgage and has successfully facilitated millions in transactions, illustrating real-world utility for cryptocurrency investors. The company is dedicated to innovation, transparency, and accessibility, continuously striving to create new solutions that enhance homeownership and lending services for those in the digital asset space.