US lender Rate launches mortgage service using crypto assets as collateral
US-based lender Rate has launched a new service that allows borrowers to use verified crypto assets as collateral for mortgages without selling them. This development marks a significant step towards incorporating digital financial assets into the traditional real estate market.
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The initiative aligns with Senator Cynthia Lummis’s proposal to recognise cryptocurrencies as reserve assets in housing loans, potentially easing access to mortgages for digital asset holders. The launch highlights growing trust in cryptocurrencies within the financial sector and opens new opportunities for the market.
Looking ahead, such innovations are expected to drive wider adoption of blockchain technologies in banking and foster the development of novel financial products.
