Milo Continues to Dominate in Crypto Financing, Enhancing Practical Uses of Digital Assets
Milo, a trailblazer in the financial technology sector known for its innovative approach to crypto mortgage lending, has achieved a significant milestone by surpassing $65 million in total loan volume. This accomplishment reflects the growing interest in alternative financing options, as the demand for such services continues to rise. To date, the company has facilitated over $250 million in mortgages through its various offerings, indicating both its expertise in the field and the increasing market appetite for its unique lending products.
“Our goal is to connect digital assets with real estate to foster long-term wealth,” stated Josip Rupena, the CEO and founder of Milo. He emphasized that for many clients, traditional fiat liquidity is insufficient for qualifying for a mortgage. By allowing clients to use their Bitcoin holdings towards mortgage eligibility, Milo is redefining the lending landscape. As interest in Bitcoin grows, Milo’s solution is becoming increasingly vital, as it enables clients to retain their Bitcoin assets while pursuing home ownership.
Milo provides financing options that cover up to 100% of home purchases, with loan amounts reaching as high as $5 million, thereby removing the necessity for a cash down payment. Clients can utilize their digital assets as collateral, enabling them to invest in real estate without relinquishing potential future gains in cryptocurrency. The company ensures the safety of client assets through partnerships with leading custodians like Coinbase and BitGo, all while adhering to strict regulatory standards as a licensed lender compliant with Soc2 regulations.
Miami’s Mayor, Francis Suarez—who made headlines as the first mayor to receive his salary in Bitcoin and secure a crypto mortgage—has commended Milo for its groundbreaking services. He remarked, “Milo’s crypto mortgage allowed me to acquire property without having to sell my Bitcoin. This innovation represents the future of finance, and it is unfolding right here in Miami.”
Milo’s Influence Goes Beyond Home Financing
Milo’s effects are not limited to just property financing. Clients have collectively increased their Bitcoin wealth by an additional $50 million by avoiding forced sales for down payments. Furthermore, the company has successfully returned over $30 million in Bitcoin to clients who have either paid down or fully repaid their loans. Notably, Milo has maintained a policy of never issuing margin calls, even amid significant market fluctuations, highlighting its commitment to financial stability and responsible lending practices.
Expanding Crypto Lending Solutions
In addition to its mortgage products, Milo has recently launched a new crypto loan specifically aimed at digital asset holders in need of liquidity beyond traditional mortgage options. Soft-launched in the fourth quarter of 2024 to its existing clients, this product enables customers to borrow against their cryptocurrency holdings without having to sell them, thus preserving their long-term investment potential. This initiative is in alignment with Milo’s mission to provide clients with financial flexibility while still allowing them to retain ownership of their digital assets.
Looking forward, Milo is set to unveil more lending solutions tailored to the changing requirements of digital asset investors. As the cryptocurrency market continues to evolve, Milo is dedicated to being at the forefront of developing innovative financial products that seamlessly integrate digital assets into everyday financial activities.
About Milo
Milo is a financial technology firm that is transforming access to financial solutions for holders of digital assets. By leveraging proprietary technology and extensive industry knowledge, Milo has pioneered the first crypto mortgage and has originated millions in loans, offering tangible utility for crypto investors. The company counts among its investors M13, QED Investors, Metaprop, and 10X Capital. For more details, please visit Milo’s website. Media inquiries can be directed to the provided email addresses.
