Milo, a Miami-based financial technology company specializing in crypto-backed lending, has announced that it has raised more than $100 million in crypto mortgages, marking a milestone in the use of digital assets as collateral for financing and home purchases.
The company said the total includes its largest transaction to date, a $12 million crypto mortgage, as demand grows among institutional and high net worth borrowers seeking alternatives to traditional mortgage structures.
Milo’s crypto mortgage product allows customers to pledge Bitcoin to finance the purchase of a home without selling their property. The company said it offers up to 100% financing for loans of up to $25 million, eliminating the need to pay cash and avoiding the taxable events that add and liquidate crypto assets.
CEO Josip Rupena said the milestone shows the widespread adoption of crypto-based currencies.
“Exceeding $100 million in origination shows the maturity and stability of our lending infrastructure,” said Rupena. “We’ve gone beyond validating the concept. Now we’re showing execution.”
Milo said the mortgage portfolio has never experienced margin calls, and its interest rate is around 7%. The company revealed that its underwriting approach is linked to AI-driven services and real-time monitoring, which it said allows for faster risk assessment compared to traditional lenders.
Milo’s maintenance bills
The company also highlighted a self-custody mortgage option, which allows borrowers to control their Bitcoin while still qualifying for financing. In its standard crypto mortgage structure, Milo said the client’s collateral is held by custodians Coinbase and BitGo.
Adam Back, CEO of Blockstream, said crypto-backed mortgages could increase real-world use cases for Bitcoin holders.
“Even though Bitcoin continues to appreciate, buyers are able to build equity in real estate and don’t have to sell their convictions for a long time,” Back said.
Apart from loans, Milo said his crypto lending business has grown significantly, with his loan book quadrupling by 2025.
The company offers crypto-backed loans starting at 8.25% interest, which customers say can be used for purchases including more Bitcoin, land acquisitions, home renovations, and business investments.
Back in 2022, Milo began developing what he now calls the first US bitcoin mortgage, allowing buyers to use their BTC holdings as collateral to buy property without having to sell it for payment.
The company said the 30-year product could finance 100% of home purchases, with CEO Josip Rupena and Miami Mayor Francis Suarez naming it as a way for bitcoin owners to qualify for a loan while maintaining BTC exposure.
Milo operates as a licensed lender and said it has been tested by SOC 2, placing its products under regulatory oversight as crypto lending continues to develop in the US financial market.
