The Rider Residences: Miami’s First Crypto-Backed Condo Financing

Introducing a New Era in Crypto Real Estate

The Rider Residences, Miami’s first crypto-native condominium by Rilea Group and Ciprés, has established a groundbreaking partnership with Milo, a leading crypto mortgage lender based in Wynwood. This collaboration is revolutionizing how digital asset holders can purchase real estate in Miami without having to sell their crypto holdings.

Using Crypto as Collateral for Deposits

Thanks to this partnership, buyers can now leverage Bitcoin or other digital assets as collateral. As a result, they can secure a loan to cover the 40% pre-construction deposit required at The Rider. This approach allows investors to keep their crypto while moving forward with their purchase.

A Unique 30-Year Crypto Mortgage Option

Moreover, once the building is completed, Milo will provide a second financing option: a 30-year crypto mortgage secured by the property. Importantly, this loan can finance 100% of the purchase price, which means buyers do not need to make a traditional cash down payment at closing.

Why This Matters for Buyers

Diego Ojeda, President of Rilea Group, says, “This is a game-changer for sophisticated buyers who want to maximize their financial strategies while securing hard assets in a desirable market. The Rider is leading this movement by offering a full solution aligned with the future of wealth and ownership.”

Additionally, the crypto-backed deposit loan offers interest rates in the high single digits. Therefore, it’s especially appealing to buyers who expect their crypto assets to appreciate. Furthermore, this financing helps buyers meet deposit deadlines without liquidating their holdings.

Milo’s Vision for Crypto Liquidity

Josip Rupena, CEO of Milo, explains, “At Milo, we’re redefining crypto’s role in everyday life. By providing Rider buyers with cash liquidity without forcing them to sell Bitcoin, we’re paving the way for seamless property ownership alongside untapped crypto potential.”

Prime Location and Striking Design

Located at the crossroads of Wynwood, Midtown, and the Design District, The Rider has recently made headlines for completing Miami’s first wallet-to-wallet Bitcoin condo sale. Its bold 1970s-inspired interiors, designed by RADYCA, complement a curated collection of resort-style amenities.

Diverse Residences and Expected Delivery

The development includes fully furnished studios to three-bedroom residences. Prices start in the $400,000s and go above $1.8 million. Delivery is expected in late 2026.

A Milestone for Crypto-Native Real Estate

Overall, this partnership strengthens The Rider’s position as Miami’s premier destination for crypto-native buyers. Indeed, it marks a new era where digital assets and real estate ownership seamlessly converge.

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