Bitcoin-backed mortgages debut in Australia amid housing crisis
2025-07-17 20:40:45
Main Idea
Block Earner has launched Australia's first Bitcoin-backed mortgage, enabled by a Federal Court ruling, while similar developments in the US are being considered to address housing affordability crises.
Key Points
1. Block Earner introduced Australia's first Bitcoin-backed mortgage, allowing Bitcoin to be used as collateral for up to 50% of a property's value.
2. The product was made possible by an April Federal Court ruling permitting Bitcoin as collateral in home loans, with custody managed by Fireblocks.
3. In the US, the FHFA is considering crypto as a reserve asset in mortgage risk assessments, and a new bill (H.R.4374) could recognize crypto holdings on regulated exchanges for loan eligibility.
4. Australia and the US face severe housing affordability crises, with median home prices at record highs and homelessness increasing.
5. Bitcoin's value has risen nearly 87% in the past year, making it an attractive asset for collateral in mortgage financing.
Description
Australia’s Block Earner has launched a Bitcoin-backed mortgage as a new path into the property market, following a regulatory win that cleared the way for crypto-backed lending.
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