Home CryptoBinance Milo Launches Crypto Loans

Milo Launches Crypto Loans

by S. Jack Heffernan Ph.D

 Milo, a financial technology company that is reimagining the way crypto and global consumers access financial solutions, today announced the launch of its new crypto loan product. This launch means that digital asset-holders will now have the opportunity to use their cryptocurrency as collateral to access loans, ranging in value from USD $10K – $200K and larger on a case by case basis.

Customers who own crypto (BTC, ETH, and USDCcan pledge these digital assets and borrow US dollars. To get started, customers will simply complete a short loan application and send collateral to a trusted qualified custodian to be held in cold storage. Milo clients will be underwritten based on alternative data, allowing for more individuals to qualify. Crypto loans offered by Milo can be used for many purposes, and be disbursed within hours once compliance is approved.

Milo has been developing this product since 2022 and expects it to be available to most applicants in Q1 2023. The company has a large waitlist where clients will be granted early access to qualify for loans. Milo plans to initially launch its services for borrowers in California and Florida with plans to expand to other states in 2023.

“Crypto loans are an essential financial solution when consumers want to hold their crypto for the long run but need dollars today,” said Josip Rupena, CEO and Founder of Milo. “Last year Milo launched an innovative crypto mortgage and with everything going on in the ecosystem we felt it was important to help our clients today by making it convenient for them to take out a crypto-backed loan. Many companies filed bankruptcy because they took extreme levels of risk and that’s not our philosophy. Simple, safe, and transparency is what we want to deliver.”

The company’s other crypto offering for real estate that launched last year, has already originated over $10 million in crypto mortgages and no customer has faced a margin call. Milo has also originated over $130 million in mortgages and has been regulated, licensed, and audited since 2020. Milo’s team brings decades of experience and its institutional capital base to create trusted crypto lending solutions. To learn more about the product and join the waitlist visit https://www.milo.io/crypto-loan.

About Milo:
Milo is a financial technology company that challenges conditions that hold back the future of the ambitious by reimagining financial solutions. As the leading crypto mortgage company, Milo provides crypto and global consumers access to mortgages, lending, and investing through a seamless online application. By building a proprietary technology stack from the ground up and bringing on a world-class team, the company has enabled millions of dollars in U.S. home loans. Milo’s investors include M13, QED Investors, Metaprop, and 10X Capital. For more information visit www.milo.io.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

Latest Articles

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.
CLOSE