Key Takeaways:
Propy and Milo launched a U.S. crypto mortgage platform with loans up to $25M. Bitcoin and Ethereum-backed mortgages could expand crypto use in real estate markets.Milo says its loans withstand 65% Bitcoin drops as crypto home-buying adoption grows.“The housing industry has been missing a full-stack solution built for digital asset wealth,” said Propy CEO Natalia Karayaneva. “For the first time, you can buy property without ever leaving the digital ecosystem.”
Under the structure, buyers can secure financing through Milo, submit offers via Propy’s marketplace of crypto-certified agents, and complete transactions using Propy’s blockchain-based closing system. Property deeds are then recorded on-chain.
The companies say the model will simplify cross-border transactions and reduce delays often associated with traditional banking systems. Prominent venture investor Tim Draper, an early backer of Propy, described the collaboration as a bridge between digital currency adoption and real-world asset ownership.
