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Ruholamin Haqshanas
Author
Ruholamin Haqshanas
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Milo, a financial technology company offering crypto mortgage lending, has surpassed $65 million in total loan volume for its crypto-backed mortgage product.
The milestone highlights the growing demand for alternative financing solutions and reinforces the role of Bitcoin (BTC) and Ethereum (ETH) as viable assets for securing homeownership, the firm said in a recent press release.
Since its inception, Milo has originated over $250 million in mortgages across various lending products.
Bridging Crypto and Homeownership
Milo offers up to 100% financing on home purchases, with loan amounts reaching up to $5 million, eliminating the need for a cash down payment.
By pledging BTC or ETH as collateral, clients can diversify their portfolios into real estate while maintaining exposure to potential crypto price appreciation.
The company ensures client assets are safeguarded through leading custodians like Coinbase and BitGo, reinforcing its status as a licensed, SOC 2-compliant lender in the digital asset space.
Milo CEO and founder Josip Rupena said the company’s mission is to help clients leverage their crypto holdings to build long-term wealth.
“For many of our clients, fiat liquidity alone isn’t sufficient to qualify for a mortgage. We’re proud to redefine mortgage eligibility by allowing their Bitcoin wealth to count,” Rupena stated.
Milo’s crypto mortgage product has already made a significant impact on its clients.
Collectively, borrowers have built an additional $50 million in Bitcoin wealth by avoiding forced liquidation for cash down payments.
The company has also successfully returned over $30 million in Bitcoin to clients who have paid down or fully repaid their loans.
Notably, Milo has never issued a margin call, even during periods of extreme market volatility, showcasing its commitment to financial stability and responsible lending.
Building on its mortgage success, Milo recently introduced a crypto loan product, providing digital asset holders with liquidity beyond real estate purchases.
The new offering, which was soft-launched in Q4 2024, aligns with the company’s vision of helping clients retain their crypto holdings while accessing financial flexibility.
Lava Aims to Offer Bitcoin-Backed Dollar Loans
Lava, a New York-based Bitcoin lending platform, has also secured $10 million in Series A funding from major VC firms Khosla Ventures and Founders Fund to enable users to borrow dollars against their Bitcoin holdings.
This aims to address a common challenge for crypto investors who want to leverage their assets without liquidating them.
Crypto lending has faced significant scrutiny following the 2022 collapses of firms like Genesis, BlockFi, and Celsius.
These failures, driven by practices such as rehypothecation—where client collateral is used to back other transactions—damaged trust in the sector.
Lava aims to rebuild confidence by allowing users to self-custody their assets, ensuring the platform never takes direct control of Bitcoin holdings.
In another attempt to allow Bitcoin holders to earn returns, cryptocurrency custody provider BitGo has introduced institutional-grade Bitcoin staking through a partnership with Core DAO, a layer-1 blockchain platform.
BitGo will be one of the first custodians to facilitate institutional access to dual staking with Core DAO. It will allow clients to earn returns on their Bitcoin holdings.
