Block Harner announced on August 18 that it raised $5.14 million in a Series A funding round led by CMCC Global's Titan Fund, and received support from King River Capital.
Australia's first Bitcoin-supported home loan
Block Owner, an Australian crypto-assisted loan provider, announced on August 18 that it had taken part in a $5.144 billion ($8 million) Series A funding round from King River Capital, led by CMCC Global's Titan Fund. Capital injections will help the company promote domestic growth and support its early stage expansion into international markets.
This latest round brings lenders' total funding to $9.63 million, following a $4.5 million seed round in 2022 backed by global investors such as Framework Ventures and Coinbase Ventures. The success of Capital Raising comes just weeks after block collectors launched what they called Australia's first Bitcoin-assisted mortgage.
Already in demand for mortgages of over $257 million, the product allows borrowers to use Bitcoin as collateral for deposit financing, allowing them to enter the real estate market without liquidating crypto holdings. Block Harner CEO and co-founder Charlie Karaboga highlighted the broader vision behind the company's offering.
“Crypto is no longer considered a trend. Its performance shows that Crypto should be treated like other asset classes. With block earning, it builds innovative products that help investors use crypto in the same way they use other assets.”
Karaboga added that the service will allow Australian crypto holders to access billions of dollars in value without selling their assets.
More than 4 million Australians reportedly own more than $50 billion in cryptocurrency assets, leading to increased demand for regulated, highly utility products that integrate traditional finance with blockchain technology. Block Earning claims that it is strategically positioned to meet this demand through innovative crypto-assisted credit products.
Meanwhile, James Coombs said: “We have seen consistent growth since its launch in 2021. Our customers want a seamless, reliable platform that manages digital assets, accesses global debt products, and works easily and transparently.”
Investor confidence in Block Harner's model was echoed by Shiau Sin Yen of CMCC Global. “Their infrastructure is poised to empower the next wave of regulated digital assets adoption,” he said.
Zeb Rice of King River Capital added: “Blocking is pioneering the integration of digital assets into everyday financial services. Our commitment to compliance and user-centered design is consistent with the vision of blockchain-driven financial solutions.”
