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Bitcoin-collateralized mortgage launched by cryptofinance firm

By Third PartyApril 7, 2022

Source: National Mortgage News —

XBTO Group, a Miami-based crypto finance platform and asset manager, unveiled its bitcoin-collateralized mortgage offering this week. The company plans to offer the product to home buyers making purchases valued at $1 million or more in Florida markets. XBTO expects to finalize its first crypto-backed transaction in the coming weeks, according to digital-asset publication Blockworks.