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Crypto mortgage lender Moon Mortgage raises $3.5m seed round

Moon Mortgage’s first crypto mortgage product helps investors in digital assets to borrow against their crypto holdings to buy real estate.

two men standing together

Aaron Nevin and Tristan Marino/Moon Mortgage

Despite the crypto winter tens of thousands of people have large sums of digital assets. 

Moon Mortgage, which raised a $3.5m seed round, wants to help these people get mortgages. 

The US-based cryptocurrency lending platform allows investors with large enough crypto holdings to collateralise their assets to allow them to buy real estate for investment purposes.

The company was founded in 2022 by Aaron Nevin and Tristan Marino (pictured). It takes cryptocurrencies such as Bitcoin and Ether or stable coins as collateral for 100 per cent financing of the purchase of owner-occupied and investment properties.  

The digital assets are looked after by Anchorage Digital, the only U.S. Federally Chartered crypto bank.

Moon Mortgage’s first crypto mortgage product will be launching soon for house buyers in Texas, Florida, and Colorado, and will be open to investors in most States across the U.S. for investment properties.  

The mortgage product will be open to overseas investors who are looking to buy a property in the US via crypto-backed mortgages. 

“Many investors have been able to make impressive gains by investing in crypto — but you still can’t use it to buy a house,” said Aaron Nevin, Co-founder and CEO of Moon Mortgage.

“The convergence of TradFi and crypto is still a long way off, so we want to bridge that gap now and allow investors to not just be able to use their crypto to invest in real-world assets, but to also be able to continue benefiting from their crypto investments in the long term. 

CoinFund and Cadenza Ventures jointly led the round. 

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