A company has launched a Bitcoin mortgage to help crypto-holders access the Australian property market, without having to sell their assets.
Block Earner, which has been fighting regulators for more than two years in court, launched on Wednesday the first Bitcoin-backed mortgage loan. This product is made possible through an April Federal Court ruling Block Earner’s crypto-lending products were not considered eligible for the Crypto Lending Products category. “financial products” Corporations Act
In order to use Bitcoin as collateral on home loans, the company no longer needs a financial service license.
Fireblocks, the custody platform, secures collateral tokens of borrowers through this product. Bitcoin can be used as collateral to get a loan up to 50 percent of the value of the home. A standard mortgage is also included.
Other than opening new opportunities for Bitcoin holdersThe model uses a different approach to creditworthiness than traditional loan approvals, which are usually based on income, savings and superannuation, Australia’s compulsory retirement program.
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Bitcoin-backed loans in the US
Australia isn’t alone in experimenting with Bitcoins and cryptocurrency-backed loans. The US is also moving institutions to allow crypto-backed mortgages.
William Pulte, Director of the Federal Housing Finance Agency’s (FHFA), ordered Fannie Mae to investigate ways in which crypto assets held on regulated centralized markets could be used as reserves to underwrite mortgages.
In a written message, he instructed both Government-sponsored Enterprises (GSEs). consider crypto as a reserve asset in mortgage risk assessments.
JUST IN: 🚨 A new bill (H.R.4374) in the U.S. Congress would require lenders to include #crypto Holdings in the evaluation of mortgage credit.
If the bill passes, all lenders must recognize funds on cryptocurrency platforms. 👀 pic.twitter.com/dLK8leLqPz
— Block Earner (@blockearner) July 17, 2025
The Monday after the Easter holiday is a day of rest. new bill In the US House of Representatives, legislation was introduced to mandate mortgage agencies update their guidelines to include cryptocurrency holdings at regulated exchanges within a borrower’s financial profile.
The bill, if passed, would permit crypto assets to be counted towards mortgage eligibility, without the need to convert them to dollars. This will increase access to home loan for holders of digital assets.
Australia and the US are facing a housing crisis that is getting worse
Australia and United States two countries experiencing a housing housing crisis are at the forefront of developments for crypto-backed mortgage lending.
Australia’s housing market is notorious for being one of most unaffordable in the world. Average home prices in the nation are nearly 10x the average household income income. Sydney is second to Hong Kong in the cost of homes, with houses at nearly 14 times median income.
Median home prices in the US reached over $420,000 in 2024–2025, roughly seven times the median household income. US homelessness is at record levels.
According to a report from the Annual Homelessness Assessment Report (AHAR) from the US Department of Housing and Urban Development, there were over 653,000 unhoused people recorded In a single evening in January 2023 was the highest number since US began tracking numbers in 2007.
But while soaring home prices have made homeownership increasingly out of reach for many citizens of both countries, prices have declined relative to Bitcoin — the cryptocurrency is up nearly 87% over the past twelve months.
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Source: cointelegraph.com
