Crypto mortgage lender Milo surpasses $100 million in home loans

Cryptocurrency Lending Pioneer Milo Hits $100 Million Milestone in Home Loans

Milo, a trailblazing U.S.-based cryptocurrency lending company, has achieved a remarkable milestone by originating over $100 million in home loans, including its largest single transaction to date—a $12 million crypto-backed mortgage. The company, which holds mortgage provider licenses in ten U.S. states with plans for further expansion, has maintained a flawless track record of zero margin calls across its portfolio, even amid the volatile swings of Bitcoin and other digital assets.

Milo’s innovative approach allows crypto holders to pledge their Bitcoin or Ether as collateral for loans of up to $25 million, eliminating the need for traditional cash down payments and avoiding costly taxable events. This groundbreaking model is particularly appealing to a growing demographic of crypto-rich individuals who have held onto their digital assets through multiple market cycles.

According to Milo founder Josip Rupena, many of these customers are aged between 30 and 55, have stable jobs, and may even have retirement accounts. However, their primary wealth is tied up in cryptocurrency. “Our typical transaction involves a $1.5 million home,” Rupena explained. “A customer might earn $100,000 a year, but their crypto net worth could range from $3 million to $7 million. If you replaced Bitcoin with Apple stock, a product like ours wouldn’t be necessary. But because crypto isn’t widely accepted and comes with volatility concerns, we’re here to help them buy a home.”

Milo’s lending model is designed to be conservative and accommodating. Unlike traditional crypto loans, which can trigger margin calls with a 25% drop in asset value, Milo’s product is built to withstand 65% drawdowns. In turbulent times, if a customer’s collateral value drops significantly, Milo reduces the loan value to a safer threshold, allowing the borrower to continue making payments without risking their home.

The company has facilitated transactions in property hotspots like Miami and other parts of Florida, as well as Texas, California, Colorado, Connecticut, Arizona, and Tennessee. Milo’s product has also garnered praise from Bitcoin pioneer and Blockstream CEO Adam Back, who called it a “game changer” in bitcoin lending. “Buyers can build equity in real estate without selling their long-term conviction in Bitcoin,” Back said.

Milo’s success underscores the growing intersection of cryptocurrency and real estate, offering a lifeline to crypto holders who want to leverage their digital assets for tangible investments. As the company continues to expand its footprint, it’s clear that Milo is not just a lender—it’s a pioneer in the evolving landscape of crypto-backed finance.

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