Earlier this year, Milo became the first to offer a mortgage that bridges the world of digital assets with traditional finance by allowing investors to qualify with Bitcoin, Ethereum, and USDC. To purchase properties, customers can pledge their crypto with regulated and insured custodians (Gemini and Coinbase) and finance up to 100% of their purchase with no down payment required. Those who qualify can take advantage of low interest rates and a 30-year crypto mortgage of up to $5 million.
“Bridging the gap between traditional finance and cryptocurrency is one of the most important pieces of the puzzle in making cryptocurrency and blockchain more ubiquitous in our daily lives,” said the Mayor of Miami. Francis Suarez. “With his mortgage product, Milo has already shown that the future of finance will serve to build wealth just like the financial tools of the past.”
Real estate is a critical component to building wealth over time, and as a result, many cryptocurrency consumers have been denied the opportunity and have turned to riskier ways of generating returns.
“Given the current state of the market, we are very proud to have had no margin calls or negative counterparty exposure, as we continue to originate mortgages,” Rupena said. “As a licensed and regulated entity, we take our responsibility to ensure that our customers’ cryptocurrencies are safe and returned when requested very seriously. Milo has added over 20 team members since launch and we look forward to launching an exciting new option.” cryptocurrency refinancing and no remortgaging anytime soon.”
During this time, Milo has also provided thousands of borrowers with crypto mortgage pre-qualifications, designed to proactively inform borrowers of how much they can afford. The company’s other mortgage solution for US citizens and foreign nationals already originated $100 million in loans and has seen applicants from more than 90 countries. Milo is a direct lender that is licensed, audited, insured, and can stand behind its commitment to lending to its clients with certainty of closing.
Milo is a fintech company reinventing the way crypto and global consumers access financial solutions to “unlock what’s possible.” By building a proprietary technology stack from the ground up and bringing in a world-class team, the company has enabled millions of dollars in US mortgage lending. Milo is passionate about driving the digital transformation of financial services, solving real problems, and generating a significant impact on people’s lives. For more information visit milocredit.com.
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