The US firm follows several other companies into the crypto-backed mortgage market.
Loans platform Figure has opened its waiting list for crypto-backed mortgages in the US, in a move that would let borrowers put up bitcoin or ethereum as collateral.
Borrowers will be able to take out mortgages worth up to $20 million for a 30-year loan, according to aThe loan instrument, set to launch in April, will allow payments with the crypto collateral. Meanwhile, Figure says it won't rehypothecate the assets. Figure follows several other companies into the crypto-backed mortgage market, in a move that speaks to the growing interest in bringing digital assets to the housing market.Ledn has also announced a new bitcoin-backed mortgage product, which will allow users to borrow to buy a home with their bitcoin holdings as collateral. When it announced the product, Ledn said it was targeting over $100 million in bitcoin-backed mortgage originations by the end of the first quarter of 2022.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1979 Ford Bronco Restomod Has A Coyote V8 And A Six-Figure Price Tag | Carscoops1979 Ford Bronco Restomod Has A Coyote V8 And A Six-Figure Price Tag | Carscoops carscoops
Read more »
Pro-Kremlin tabloid reports nearly 10,000 Russians killed in Ukraine before removing figureKomsomolskaya Pravda removed the high numbers from its website and issued a statement claiming it had been hacked.
Read more »
Prominent cycling community figure killed in collisionShawn Blumenfeld, 51, was fatally struck by a van in Frederick County, police said.
Read more »
G.I. Joe Ultimates Wave 3 Figure Pre-Orders: Storm Shadow, Scarlett, Doc, and a Cobra TrooperSuper7 GIJoe Ultimates Wave 3 figures are up for pre-order: Storm Shadow, Scarlett, Doc, and a Cobra Trooper
Read more »
Russian teen figure skater Kamila Valieva to return to competition after Olympics controversyRussian figure skater Kamila Valieva will return to competition at the Channel One Trophy in Saransk this weekend, just over a month after the doping controversy at the 2022 Winter Olympics.
Read more »