Imagine a home buyer showing up with serious wealth, sometimes millions of dollars worth, yet they still cannot move through a normal mortgage process without first cashing out the very assets that made them rich in the first place.
For years, that created a frustrating gap between crypto wealth and homeownership. A founder could hold Bitcoin that appreciated massively over the last decade and still face a traditional lending process that required liquidation, taxes, and giving up future upside just to qualify for a mortgage.
Now, Miami-based companies Propy and Milo think they have a better way.
Today, the two firms announced a partnership aimed at creating what they describe as the first all-in-one crypto-native homebuying stack in the United States. The partnership combines Milo’s crypto mortgage infrastructure with Propy’s blockchain-based title and closing systems, allowing buyers to move from financing to settlement through one integrated process.
That may sound niche, but the market they are targeting is getting bigger quickly. There are now nearly 242,000 crypto millionaires globally, up 40% in a single year.
“Crypto buyers should not have to move through a traditional homebuying process that was never designed for them,” asserted Josip Rupena, CEO of Milo.
During an interview with Refresh Miami, Rupena explained that the goal was to remove the fragmented experience crypto buyers often face during transactions.
“By us working on these transactions together, we’ll be able to have a much more seamless integrated experience for clients that have digital assets,” he said. “Being that both companies are based here in Miami, it’s significant being able to bring two companies together and collaborate to help users get a better home buying experience.”
The process itself is designed to feel more like a fintech product than a traditional real estate closing. After finding a property through Propy’s platform, buyers can qualify for a mortgage using their crypto holdings instead of liquidating them into cash. Meanwhile, Propy handles the title work, settlement infrastructure, and blockchain recording process behind the scenes.
“The housing industry has been missing a full-stack solution built for digital asset wealth. We’ve built it, and it’s institutional-grade, regulated, and repeatable,” said Natalia Karayaneva, CEO of Propy.
“For the first time, you can buy property without ever leaving the digital ecosystem,” Nadia Mihova, Propy’s VP of Finance and Operations, described Propy as the transactional layer connecting buyers, sellers, lenders, and agents.
“You can kind of envision Propy as this marketplace for real estate where we have the transactional infrastructure built,” Mihova said. “Milo is then the liquidity provider, and we provide the title insurance, settlement infrastructure, and on-chain recordings.”
Rupena continued: “Young people want to build wealth in crypto. They are bullish. They’re hopeful. They feel like they can finally make an investment without having to cash out.”
Buyers can qualify using Bitcoin or Ethereum, secure financing up to $25 million, and close digitally through Propy’s AI-powered platform.
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