Moon Mortgage Raises $3.5M to Bring Crypto Mortgages to Market

Moon Mortgage Raises $3.5M to Commercialize Crypto Mortgages

Cryptocurrency Lending Platform, Lunar Mortgage, raised a $3.5 million seed round as it seeks to bring two key products to market, including a mortgage product that will allow investors to collateralize crypto assets for real estate investing. The round was led by CoinFund and Cadenza Ventures, which both invested $1.65 million in the company.

Moon Mortgage’s CryptoMortgage product will allow digital asset investors to materialize their crypto holdings in real estate. To do this, Moon Mortgage takes the digital assets of the investor as collateral and then provides 100% financing for owner-occupied properties and investments. Moon Mortgage’s CryptoMortgage will soon launch for homebuyers in Texas, Florida, and Colorado, and will be open to investors in most states of the United States for investment properties. Moon Mortgage works with an industry leading custodian to provide our borrowers with peace of mind.

Aaron Nevin, co-founder and CEO of Moon Mortgage, said: “Many investors have been able to make impressive gains by investing in crypto – but you still can’t use it to buy a house. 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 only be able to use their crypto to invest in real-world assets, but also to be able to continue to benefit from their crypto investments over the long term. given the ever-given bearish outlook on crypto – will go a long way towards making that vision a reality, as we plan to launch our CryptoMortgage product this year.

Moon Mortgage was founded in 2022 by Aaron Nevin and Tristan Marino. The founders are crypto proponents, but are frustrated with the lack of real applications and use cases for digital assets, especially when it comes to lending. The team felt there was a better way to leverage crypto assets to buy physical investments, and in particular how crypto could be used as collateral to secure loans.

Austin Barack, Partner, Venture & Liquid Investments at CoinFund, said“We are thrilled to partner with the team as they embark on their growth journey. Moon Mortgage is building the essential infrastructure to connect crypto to the real estate asset class and beyond. By providing 21st century financial solutions, Moon Mortgage is poised to dramatically improve the home buying and lending experience.

Moon Mortgage’s crypto assets are stored with Anchorage Digital, the first US federally chartered crypto bank, and all assets are stored with the highest possible standards of protection.

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