Milo Founder and CEO Discusses Crypto Mortgages by Milo

Purchasing home with bitcoin

MP recently sat down with Josip Rupena, the Founder and CEO of Milo, a financial technology company that offers home loans to global and crypto consumers. Milo started in 2019 and has raised $7 million from QED Investors, Metaprop, and 10x Capital. Prior to founding Milo, Rupena was a Financial Advisor at Morgan Stanley working with international clients and financial institutions. Rupena also worked at an investment firm with $1 billion in assets under management as a Portfolio Manager and Head Trader. He began his career at Goldman Sachs covering institutional private clients with over $3.5 billion in assets. Rupena graduated Cum Laude from the University of Miami and majored in Finance.

Josip Rupena headshot
Milo Founder and CEO Josip Rupena / Photo courtesy of Josip Rupena

What is a crypto mortgage?

At Milo, we’ve reimagined how mortgages should be done by considering crypto wealth. Instead of clients needing to sell their crypto for a down payment to qualify for a mortgage, a crypto mortgage lets them leverage their crypto to invest in real estate. Our strategy matches theirs – they keep HODLing.

How are crypto mortgages different from traditional mortgages?

In traditional mortgages, your crypto wealth won’t be considered part of your qualifying wealth. For a crypto mortgage in Milo, your crypto wealth will in fact qualify you. For a crypto owner to get a mortgage the traditional way, they will have to sell their crypto – in a crypto mortgage they won’t.

Which cryptocurrencies can be used for a crypto mortgage?

We are accepting Bitcoin in this first phase.

How do crypto mortgages make it easier for crypto investors to utilize their digital assets to obtain U.S. real estate?

For a crypto mortgage in Milo, your crypto wealth will in fact qualify you. For a crypto owner to get a mortgage the traditional way, they will have to sell their crypto – in a crypto mortgage they won’t.