Key Takeaways
Real estate platform Propy and crypto lender Milo are launching an end-to-end digital mortgage service offering up to $25 million in financing for U.S. homes, backed by Bitcoin and Ethereum as collateral. The partnership, announced May 15, creates a direct pathway for crypto holders to purchase real estate without liquidating their digital assets.
"The housing industry has been missing a full-stack solution built for digital asset wealth," Propy CEO Natalia Karayaneva said. "For the first time, you can buy property without ever leaving the digital ecosystem."
The platform integrates Milo's crypto mortgage infrastructure with Propy's blockchain-based title and closing system. Buyers can receive financing from Milo, make offers through Propy’s network, and complete the transaction with the property deed recorded on-chain. The initiative targets a growing class of nearly 250,000 crypto millionaires who have often been locked out of traditional mortgage markets.
This model directly addresses the core friction crypto investors face in real estate: the need to sell holdings to qualify for a loan, which can trigger significant tax events and a loss of future upside. By pledging assets instead of selling, borrowers can access liquidity while maintaining their investment position, a structure that bridges the gap between decentralized finance and real-world asset ownership.
Traditional lenders struggle to underwrite crypto wealth due to price volatility, inconsistent documentation, and a lack of standardized valuation methods. According to industry analysis, most lenders will only consider Bitcoin and Ethereum, and even then, they apply inconsistent discounts and have not standardized wallet verification processes. This forces most crypto holders to liquidate assets before a loan application is even considered.
The Propy-Milo partnership aims to solve this by creating a native digital asset framework. Milo, which has originated over $100 million in crypto mortgages, said its loan structure is built to tolerate bitcoin price drawdowns of up to 65 percent before triggering margin calls or other interventions. Venture investor Tim Draper, an early backer of Propy, described the collaboration as a bridge that gives "bitcoin consumers a faster, smarter path to homeownership while keeping their exposure to the future of money."
The launch joins a growing trend of financial products seeking to integrate digital assets with traditional credit. Blockchain.com recently rolled out a similar crypto-backed lending service as the broader market for such loans surpasses $70 billion. The move also follows the emergence of the first Fannie Mae-backed crypto-collateralized mortgage products earlier in 2026, signaling that institutional frameworks are slowly beginning to accommodate digital asset-backed financing.
This article is for informational purposes only and does not constitute investment advice.
