Block Earner has launched Bitcoin-backed mortgages in Australia, offering a new way to access real estate without selling crypto assets. This was reported by Incrypted.
This became possible after a court ruling that recognized that the company’s crypto loans are not subject to financial regulation.
Previously, the Australian Securities and Investments Commission (ASIC) tried to force Block Earner to obtain a license. However, the court exempted the product from the requirements of the Financial Services Act.
In the scheme, borrowers’ funds are placed on the Fireblocks platform, and Bitcoin is used as collateral for a loan in fiat currency up to 50% of the property value. At the same time, the cryptocurrency deposit is supplemented by a classic mortgage.
Experts note that the US is also moving in this direction. In June 2025, representatives of the Federal Housing Finance Agency (FHFA) proposed that financial institutions Fannie Mae and Freddie Mac consider digital assets on regulated exchanges when assessing risks.
Both countries are facing a housing crisis. In Australia, real estate prices exceed incomes by almost 10 times, and in Sydney, by 14 times.
In the US, the median home price has reached $420,000, and homelessness has risen to a record high since 2007. Against this backdrop, the value of real estate in Bitcoin has fallen, as the cryptocurrency has risen in price by almost 84% over the year.