Know What's Happening in Crypto

Milo Tops $100 Million in Crypto-Backed Mortgages, Closes Record $12 Million Deal

Milo, a U.S. crypto‑lending firm, has originated more than $100 million in crypto‑backed mortgages, highlighted by a record $12 million loan. The company operates in ten states and offers loans up to $25 million secured by Bitcoin or Ether, with interest starting at 8.25 percent. Milo’s model requires 100 percent collateral but can adjust to a 65‑70 percent loan‑to‑value ratio during market drawdowns, eliminating margin calls. The firm targets high‑net‑worth crypto holders who lack sufficient cash for traditional down payments.