Milo Breaks New Ground with Over $65 Million in Crypto Mortgages

Milo, a pioneering financial technology firm, has taken a significant step in the realm of alternative financing by surpassing the impressive milestone of $65 million in total loan volume through crypto mortgages. This achievement exemplifies the increasing appetite among consumers for innovative financial solutions that leverage digital assets.

Since its inception, Milo has advanced the concept of crypto mortgage lending, originating over $250 million in various mortgage products. The company's unique approach to mortgage qualification enables clients to use their Bitcoin assets as a means of securing home loans, a solution that is proving essential as the demand for Bitcoin continues to ascend. Josip Rupena, CEO and founder of Milo, expressed the company's mission: “Our goal is to bridge the gap between digital assets and real estate, allowing individuals not only to keep their Bitcoin but also to invest in property.”

This approach opens doors for potential homeowners who may struggle with traditional financing methods that often focus solely on fiat income. By allowing cryptocurrency wealth to factor into mortgage eligibility, Milo enables its clients to buy homes while retaining their digital assets.

One noteworthy highlight of Milo’s offerings is the ability to provide up to 100% financing for property purchases. This means that borrowers can secure loans up to $5 million without needing to put down a cash deposit. The process works by pledging digital assets as collateral, allowing clients to invest in real estate and benefit from crypto appreciation simultaneously. The company also partners with top custodians like Coinbase and BitGo to ensure the safety of its clients' assets, all while adhering to stringent regulatory standards as a Soc2-compliant lender.

The innovation has even captured the attention of public figures, such as Miami Mayor Francis Suarez. Suarez is noted for being the first mayor in the U.S. to accept his salary in Bitcoin and to secure a crypto mortgage through Milo. He commented, “Milo's crypto mortgage allowed me to purchase property without having to liquidate my Bitcoin. This is the future of finance, and it’s unfolding right here in Miami.”

Milo’s contributions extend far beyond merely facilitating home purchases. It has empowered its clients to accrue over $50 million in additional Bitcoin wealth by preventing the need for forced asset liquidations typically needed for down payments. Moreover, the company has disbursed over $30 million in Bitcoin back to clients who have repaid or reduced their loans—demonstrating its commitment to responsible lending practices. Impressively, Milo has managed to avoid issuing margin calls, even during periods of market turbulence, showcasing its dedication to maintaining financial stability.

Expanding Crypto Lending Solutions

In recent developments, Milo has broadened its lending landscape with the introduction of a new crypto loan product designed to offer liquidity for digital asset holders. Launched subtly in the fourth quarter of 2024 to pre-existing customers, this innovative solution allows clients to borrow against their crypto assets without selling them, continuing to take advantage of potential investment growth. This aligns perfectly with Milo's overarching vision to assist individuals in achieving financial flexibility while retaining ownership of their digital wealth.

As the cryptocurrency landscape continues to evolve, Milo is set to unveil further lending products tailored to meet the dynamic demands of digital asset investors. With a focus on pioneering finance pathways that seamlessly integrate digital assets into everyday financial practices, Milo is clearly on a mission to reshape how individuals think about real estate investments and crypto utilization.

About Milo

Founded to redefine financial accessibility for digital asset holders, Milo's mission centers on creating practical solutions for crypto investors. With proprietary technology and a wealth of industry knowledge, Milo was the first to launch a crypto mortgage service, successfully securing millions in loans. Key investors backing Milo include M13, QED Investors, Metaprop, and 10X Capital.

For those interested in learning more about the services Milo offers or how it can assist with crypto mortgage needs, visit www.milo.io. For media inquiries, reach out via email at [email protected] or [email protected].