Australia’s First Bitcoin-Backed Mortgage Launched by Block Earner, Revolutionizing Crypto Real Estate Loans

On July 18, Block Earner introduced Australia’s inaugural Bitcoin-backed mortgage, offering cryptocurrency investors an innovative pathway into the real estate sector without liquidating their digital assets. This financial product launch follows a pivotal Federal Court decision in April, which clarified that Block Earner’s crypto lending services are exempt from classification as “financial products” under the Corporations Act, thereby eliminating the need for a financial services license. The mortgage framework allows borrowers to leverage their Bitcoin holdings as collateral, with loans covering up to 50% of the property’s value. Custody of the digital assets is managed securely through Fireblocks, ensuring robust asset protection. This development marks a significant advancement in integrating cryptocurrency with traditional mortgage financing, addressing the growing disparity between Australian housing prices and income growth while expanding the utility of digital currencies in mainstream financial markets.