You can't swing a cat in a roomful of marketers without hitting the word "crypto," and that's as true in commercial real estate as other industries. There's fractional investing and tokenization, purchases of homes, and even cryptocurrency for condo deposits.

Now there are crypto-based mortgages. A couple of Miami firms—fintech company Milo and cryptofinance lender XBTO—have taken up crypto-based home loans, according to the Wall Street Journal. "Between crypto millionaires who don't want to sell their cryptocurrency and foreign buyers who have trouble entering the market, we see a huge demand," Joe Haggenmiller, head of markets for XBTO, told the paper.

There are other companies, like Mbanc, testing the crypto mortgage waters

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Capital Markets
Technology
Southwest