Milo, a financial technology firm based in Miami and specializing in crypto-backed lending, has achieved a significant milestone by originating over $100 million in crypto mortgages. This accomplishment underscores the growing adoption of digital assets as collateral for home financing and purchasing, particularly among institutional and high-net-worth borrowers seeking alternatives to conventional mortgage structures. The firm's largest single transaction to date was a $12 million crypto mortgage, indicating robust demand for their innovative offerings.

Milo's crypto mortgage product allows clients to utilize Bitcoin as collateral to secure financing for home purchases, eliminating the need to sell their cryptocurrency holdings. The company provides up to 100% financing, with loan amounts extending to $25 million. This structure circumvents the requirement for cash down payments and helps borrowers avoid potential taxable events that can arise from liquidating crypto assets. According to CEO Josip Rupena, this $100 million milestone signifies the broader acceptance of crypto-based financing and reflects the maturity and stability of Milo's lending infrastructure, moving beyond concept validation to proven execution.

The company also emphasizes the reliability and efficiency of its mortgage portfolio, noting that it has not experienced any margin calls. Interest rates for Milo's crypto mortgages average around 7%. The firm attributes its robust underwriting approach to AI-driven servicing and real-time collateral monitoring, which facilitates faster and more precise risk assessment compared to traditional lenders.

In addition to its standard crypto mortgage, Milo offers a self-custody mortgage option. This innovative feature allows borrowers to retain full control over their Bitcoin while still qualifying for financing. For its standard crypto mortgage structure, client collateral is securely held through established custodians such as Coinbase and BitGo.

Industry figures like Adam Back, CEO of Blockstream, highlight the potential of crypto-backed mortgages to expand real-world financial use cases for Bitcoin holders. Back notes that this model enables buyers to build equity in real estate without having to liquidate their long-term Bitcoin investments, thus maintaining exposure to Bitcoin's potential appreciation.

Beyond mortgages, Milo has seen substantial growth in its broader crypto loan business, with its loan book quadrupling in 2025. These crypto-backed loans, starting at an interest rate of 8.25%, have been utilized by clients for various purposes, including purchasing additional Bitcoin, acquiring land, undertaking home renovations, and making business investments.

Milo first began developing what it now calls the