According to the company’s official announcement, pilot programs are underway to enable home purchases and renovations using Bitcoin as collateral, with first transactions expected later in 2025.
Australian fintech Block Earner officially announced that it has raised $8 million to develop a Bitcoin-collateralized mortgage solution. The product will allow borrowers to use Bitcoin as collateral for home purchases or renovations. Pilot programs are already in progress, and the company expects the first transactions to be completed later this year. Mortgages will ultimately be issued by third-party financial institutions, while repayment options will include Australian dollars, Bitcoin, or a combination of both.