Milo tops $100 million in crypto-backed mortgages, closes record $12 million deal

The firm, which holds mortgage provider licenses in ten U.S. states with more to follow, has a perfect track record of zero margin calls across its mortgage portfolio. What to know : Milo allows crypto holders to pledge their bitcoin or ether as collateral for loan amounts up to $25 million without having to sell their digital assets. Milo asks for 100% of the value of the property in crypto collateral, which can be held with qualified custodians like Coinbase or BitGo, or there is a self-custodial option. The loans, which start at 8.25%, can also be used for things like acquiring land, funding home improvements, and business investments.