Propy, Milo Offer U.S. Crypto-Backed Mortgages Up to $25M

Propy and Milo launched a U.S. platform that offers crypto-backed mortgages up to $25 million, allowing buyers to use Bitcoin and Ethereum as collateral and complete title and closing processes on a blockchain-enabled system.

The platform connects Milo’s lending product with Propy’s digital settlement tools so borrowers can move from loan approval to an on-chain deed without converting digital assets to cash. Milo provides the mortgage financing secured by cryptocurrency while Propy supplies a marketplace of certified agents and a blockchain-based closing workflow.

Buyers can apply for financing through Milo, submit offers through Propy’s marketplace and finalize purchases using Propy’s closing system. Property deeds for transactions completed on the platform are recorded on-chain.

Propy said financing will be available up to $25 million for qualified properties. The arrangement allows crypto holders to keep exposure to their digital assets rather than selling holdings to meet traditional mortgage requirements, which can trigger tax events.

Milo has originated more than $100 million in crypto mortgages and described its underwriting framework as built to handle crypto volatility. The lender said its mortgage structure can absorb bitcoin price drops of up to 65 percent before triggering intervention measures and that it has not issued margin calls across its portfolio to date. The platform will also offer options to refinance against appreciating crypto assets while maintaining crypto exposure.

Natalia Karayaneva, Propy’s CEO, described the product as a way to complete purchases within the digital ecosystem. Tim Draper, an early backer of Propy, called the partnership a bridge between digital currency users and real-world property ownership, saying it gives bitcoin holders a faster path to homeownership while preserving their exposure to digital currency.

Propy and Milo cited broader growth in crypto wealth as context for the product, saying the number of crypto millionaires rose roughly 40 percent over the past year to about 242,000 globally and that more than half of Gen Z Americans hold digital assets. The companies said the platform could simplify cross-border transactions and reduce delays tied to traditional banking systems.

Both firms noted that wider adoption will depend on regulatory clarity, market stability and consumer confidence in crypto-backed lending models. They positioned the offering as part of an effort to combine blockchain infrastructure with conventional finance and real estate settlement processes.