Crypto Moon Mortgage Raises $3.5M Seed Round
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An editor at Coincrop
18 Jan 2023 | 3 min read
oon Mortgage, the cutting-edge crypto lending platform, has announced that it successfully raised a staggering $3.5 million in its seed round. This innovative platform gives investors the opportunity to secure financing for real estate investments by utilizing their cryptocurrency as collateral.
Moon Mortgage, a crypto lending platform, recently acquired $3.5 million in seed money to power the launch of their flagship product CryptoMortgage. This innovative tool offers investors full financing for their investment properties by leveraging digital assets as collateral. Additionally, Moon Mortgage also allows users to take out loans against the worth of their virtual currency holdings!
“People are already incentivized to use their crypto to invest in real estate; the problem is that until now they have never had the ability to,” and “Historically, to buy a home they would have had to liquidate their assets, lose their upside and get hit with a massive tax bill. The aim is to bridge the two worlds of crypto and TradFi to make it easy for them to leverage their digital assets.”
Moon Mortgage entrusts their crypto assets to Anchorage Digital, a qualified U.S.-regulated crypto bank that is federally chartered.
“Many investors have been able to make impressive gains by investing in crypto – but you still can’t use it to buy a house,” co-founder and CEO Aaron Nevin noted with enthusiasm “The convergence of TradFi and crypto is still a long way off, so we want to bridge that gap now and allow investors to not just be able to use their crypto to invest in real world assets, but to also be able to continue benefiting from their crypto investments in the long term.”
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