Block Earner gains AUD $8 million to grow crypto-backed loans

Block Earner has raised AUD $8 million in a Series A funding round led by CMCC Global's Titan Fund, with participation from King River Capital, to support product expansion and growth in both Australia and early international markets.

The financing follows strong interest in Block Earner's recently launched Bitcoin-backed home loan, which has seen over AUD $400 million in mortgage demand since its introduction. Block Earner has now raised a total of AUD $15 million, building on its prior AUD $7 million seed round in 2022 supported by investors such as Framework Ventures and Coinbase Ventures.

Block Earner's Bitcoin-backed home loan product enables borrowers to use Bitcoin as collateral for home deposit finance while maintaining exposure to movements in the Bitcoin market. The company's integrated platform aims to make the process of crypto-backed lending more accessible, with features designed to mimic the familiarity of standard banking applications.

Market demand

Australian demand for regulated crypto financial products has increased markedly, with over 4 million Australians holding more than AUD $50 billion worth of crypto assets. This shift comes as global crypto markets experience reduced volatility and increasing involvement from institutional investors.

Block Earner provides a platform where investors can borrow against their digital assets without selling them, allowing users to maintain potential future gains even as their holdings are used to secure loans. The company's approach is to offer a seamless process, often consolidating what could be multiple complicated steps elsewhere into a single user experience.

Future expansion

As part of its growth strategy, Block Earner plans to expand the ways customers can incorporate digital assets into mainstream financial activities without liquidating them. The overall goal is to bridge the gap between emerging digital asset markets and traditional finance, increasing flexibility and utility for crypto holders.

Crypto can no longer be considered as a trend. Its performance over time has shown that crypto should be treated like any other asset class. At Block Earner, we build innovative products to help investors use their crypto in the same way they would use their other assets. By enabling crypto to be used as loan collateral without needing to sell it, we can unlock billions in value that would otherwise sit idle in the Australian economy.

Charlie Karaboga, Chief Executive Officer and Co-Founder of Block Earner, added: "This funding allows us to accelerate the rollout of innovative, user-friendly products across Australia and the region. By expanding access to regulated, blockchain-powered solutions, we're showing how crypto can move beyond speculation and become a productive, mainstream financial asset."

James Coombes, Chief Commercial Officer, stated: "Since launching in 2021, we've seen strong and consistent growth. Our customers are increasingly looking for a seamless, trusted platform that helps them manage their digital assets, access global DeFi products, and put their crypto to work with ease, security and transparency.

"We're building toward a future where crypto sits naturally alongside other assets in investor portfolios."

Investor perspectives

We are thrilled to lead Block Earner's Series A funding round. Their ability to blend compliance, usability, and innovation into a single platform is poised to reshape the digital assets financial landscape. Their API-enabled model doesn't just streamline crypto-backed lending for individuals, it opens the door to B2B partnerships and rapid global scalability. We believe this infrastructure will help power the next wave of regulated digital asset adoption, and we're excited to support the team on that journey.

This was according to Shiau Sin Yen, Co-founder and Managing Partner at CMCC Global's Titan Fund.

Zeb Rice, Co-Founder and Managing Partner of King River Capital, commented: "Block Earner is pioneering the integration of digital assets into everyday financial services, offering Australians a seamless and regulated platform to leverage their crypto holdings.

"Their commitment to compliance, user-centric design, and product innovation aligns with our vision of a future where blockchain technology underpins mainstream financial solutions. We're pleased to support Block Earner as they lead the way in bringing crypto-backed financial products to the broader market."

Regulatory and operational approach

Block Earner is registered with AUSTRAC and operates as a Corporate Authorised Representative of an Australian Credit Licence. The platform's operations include security-focused measures such as biometric withdrawal verification and crypto custody protections. Customers have access to portfolio management tools, including monitoring loan-to-value ratios and assessing loan health, providing greater transparency and control.

The company's future plans centre on further product expansion and continued efforts to increase regulated access to digital finance products for Australians and users in new international markets.