Moon Mortgage launches new products to help investors leverage their digital assets

By Riley Kaminer

Diamond-handed crypto HODL-ers have a reason to rejoice today, with Miami-based Moon Mortgage’s announcement of two separate products that make it easier for investors to leverage their digital assets.

The first product, which the company calls Trade & Borrow, enables users to borrow against the value of their crypto. The best part: users can still trade these digital assets after they have taken out the loan. Say goodbye to any FOMO stemming from missing out on potential upside. Loans come in one-, three-, and six-month flavors.

The second product launched today is a mortgage product for crypto investors. This product – which is initially launching in Florida, Texas, and Colorado – provides users with the possibility to receive financing for real estate purchases based off of their digital holdings. To take advantage of this product, users must be looking for at least a $1 million loan. According to Moon Mortgage, users will be able to secure these loans in as little as 14 days.

With both products, Moon Mortgage aims to make the application process as straightforward as possible – just a few steps for each. For the two products, users can borrow against Bitcoin, Ethereum, and USDC. But Moon Mortgage signaled that this is just the beginning, and that the platform will soon support a wider range of digital assets.

“Against the backdrop of a very tough year for crypto investors, there is an obvious need to provide more options to help create material value — to ensure that investors can have as many options as possible, just as traditional retail investors have,” Aaron Nevin, co-founder and CEO of Moon Mortgage, said in a statement.

“Trade & Borrow is how we are doing that. For too long, investors have had to ‘put up and shut up’ with how they can use crypto to create material gains — having to convert crypto into fiat in order to leverage that for major living expenses, such as buying a vehicle,” Nevin continued. 

“But we say you should be able to have your cake and eat it too. Trade & Borrow is our dream of being able to really use your crypto, without having to lose your edge, and with security at the heart of the product.”

In October 2022, Moon Mortgage secured a $3.5 million seed raise. The company says that it is actively looking to partner with brokers to meet users’ demand.

Refresh Miami has continued to follow Milo, another Miami startup that gives crypto enthusiasts options for diversifying their portfolio without diluting their holdings. Earlier this year, Milo announced the launch of its crypto loan product, enabling digital asset holders to use their crypto as collateral to access loans ranging in value from $10k to $200k+.

Since crashing last year, major crypto assets have seen a rise in values over the last six months – with Bitcoin and ETH up 43% and 36% respectively across that time period.

Pictured at top of post: Moon Mortgage cofounders Aaron Nevin, left, and Tristan Marino.

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Riley Kaminer