Block Earner Secures $8M to Bring Bitcoin-Backed Home Loans to Australia

COINOTAG News reports that Australian fintech Block Earner has closed an $8 million financing round to develop a Bitcoin-backed home loan product that enables borrowers to use Bitcoin as collateral for home purchases or renovations. The firm says market volatility has been gradually stabilizing and that controlled pilot projects are underway to validate underwriting, collateralization mechanics and risk-management protocols. Block Earner stated its timeline anticipates consumer access later this year, subject to customary regulatory and underwriting approvals. The initiative aims to expand asset-backed lending options by integrating crypto collateral while maintaining compliance and prudent balance-sheet controls.