Milo Hits Milestone with Crypto Mortgage Success Beyond $65M
Milo's Achievement in Crypto Mortgages
Milo has undoubtedly set the pace in crypto real estate financing. This innovative financial technology company allows digital asset holders to utilize Bitcoin and Ethereum for purchasing homes without the need to sell their crypto assets. This unique approach is reshaping homeownership for a new generation.
Milestone Amount of $65 Million
Recently, Milo announced a significant achievement, surpassing $65 million in total loan volume through its crypto mortgage offerings. This milestone highlights a growing demand for alternative financing solutions that accommodate the unique needs of crypto asset holders.
Rising Demand for Innovative Financial Solutions
The increasing acceptance of cryptocurrencies in various sectors emphasizes the potential for digital assets in securing mortgages. Clients can now leverage their Bitcoin (BTC) and Ethereum (ETH) as viable collateral for homeownership, promoting greater inclusivity in property financing.
Expanding Mortgage Opportunities
Milo has originated over $250 million in mortgages through various loan products, showcasing its expertise and the burgeoning interest in innovative lending solutions. The company continues to redefine mortgage eligibility by allowing clients to count their crypto wealth towards home loans, enhancing access to real estate.
Empowering Clients to Build Wealth
According to Milo's CEO, Josip Rupena, their mission centers on enabling clients to utilize their crypto holdings for wealth-building purposes. As the popularity of Bitcoin grows, Milo's offerings provide essential tools for clients, allowing them to retain their digital wealth while investing in property.
Milo's Unique Financing Structure
Milo offers financing options up to 100% on home purchases with loan amounts reaching as high as $5 million. By pledging Bitcoin or Ethereum as collateral, clients can diversify into real estate and maintain exposure to potential cryptocurrencies. Industry-leading custodians like Coinbase and BitGo ensure that client assets are safeguarded, reinforcing trust in Milo's operations.
Support from Local Leadership
The company's innovative approach has garnered recognition from local officials, including Miami's Mayor, who praised Milo's ability to leverage digital currencies for property investment. This support from city leadership signifies a transformative shift towards crypto integration in everyday financial activities.
Significant Impact on Client Wealth
Milo's crypto mortgage solution has allowed clients to collectively avoid forced liquidations, leading to the build-up of over $50 million in Bitcoin wealth. Additionally, the company has returned more than $30 million in Bitcoin to clients who have paid down or settled their loans, reinforcing financial stability in a volatile market.
Expanded Lending Options on the Horizon
In a bid to cater to evolving needs, Milo recently launched a new crypto loan product aimed at digital asset holders seeking more financial flexibility. Initially soft-launched to existing customers, this product aligns with Milo's ongoing commitment to support clients in retaining their crypto assets while enhancing their financial options.
About Milo
Milo is leading the way in providing financial solutions tailored for digital asset holders. With a focus on innovation and accessibility, the company has introduced the first crypto mortgage, catering specifically to cryptocurrency investors. Milo's commitment to transparency and its proprietary technology stack have positioned it as a trusted lender in the evolving landscape of digital finance.
Frequently Asked Questions
What milestone did Milo achieve recently?
Milo surpassed $65 million in total loan volume for its crypto mortgage offerings.
How does Milo support crypto asset holders in homeownership?
Milo allows clients to use Bitcoin and Ethereum as collateral for mortgages, eliminating the need for cash down payments.
What is Milo's mission?
The company's mission is to bridge the gap between digital assets and real estate, enabling clients to leverage crypto for long-term wealth building.
What financial safety measures does Milo employ?
Milo partners with custodians like Coinbase and BitGo to ensure the security of client assets.
What new products are being offered by Milo?
Milo has recently introduced a new crypto loan product for digital asset holders, providing greater financial flexibility.
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