Milo, a U.S.-based cryptocurrency lending firm, has surpassed $100 million in crypto-backed mortgage originations, highlighted by a record $12 million transaction. The company, licensed in ten U.S. states, allows clients to use bitcoin or ether as collateral for loans up to $25 million, eliminating the need for cash down payments. Milo's innovative approach has maintained a perfect record of zero margin calls, even amid crypto market volatility. Founder Josip Rupena noted that typical clients are crypto-rich but cash-poor, often holding significant digital assets but lacking sufficient income for traditional home purchases. Milo's loans, starting at 8.25%, can also fund land acquisition, home improvements, and business investments. The firm requires 100% crypto collateral, with options for custody through Coinbase, BitGo, or self-custody. The product is designed to withstand up to 65% drawdowns, ensuring clients can retain their homes despite market fluctuations. Milo's recent $12 million deal was completed in Tennessee, with other transactions in Florida, Texas, California, and more.