Latest news with #Reown
Yahoo
13-07-2025
- Business
- Yahoo
3 Ways Crypto Can Change How You Get Approved for Your Next Home
In the digital age, there are lots of factors to consider when buying a house, with one of them being relatively new and uncharted: cryptocurrencies. Bitcoin and other crypto have become highly popular over the last few years, as well as proven themselves to be highly volatile at the same time. So, if you have a significant amount of your finances invested in crypto and want to buy a house, how will it change your chances of getting approved? Check Out: Learn More: GOBankingRates asked several experts to weigh in on ways crypto can change approval odds for your next home. Here's what they had to say: 'This directive creates the rails for mainstream financial acceptance of crypto assets,' said Jess Houlgrave, CEO of digital wallet infrastructure provider Reown. 'For the first time, your bitcoin or stablecoin holdings could help you qualify for a mortgage — that's not just validation, it's infrastructure becoming reality. But the real impact goes beyond individual mortgages.' Houlgrave went on to explain that when government-sponsored enterprises start factoring crypto into lending decisions, it forces every part of the mortgage ecosystem to build the tools and processes needed to evaluate digital assets. I Asked ChatGPT To Explain Crypto Like I'm 12: When it comes to how crypto can be assessed within the scope of applying for a mortgage, the dos and don'ts are still unclear — as are laws, regulations and oversight due to the currency still being relatively new to so many lenders and buyers. 'We still don't know what the guidelines on this will be,' shared Jennifer Beeston, mortgage lender and housing/real estate expert. 'Will they treat all crypto coins the same? We don't know what the rules are going to be yet, so it's hard to understand risk. That's what Fannie and Feddie are doing. They are trying to figure out how to do this in a safe way while helping people get homes.' While there still remains a lot to be seen with how cryptocurrencies will operate in the future, they have opened pathways to homeownership that previously did not exist for a number of potential single-family mortgages, according to Joe Lackner, the founder of Coin Interest Rate. 'About 21% of U.S. adults — roughly 55 million people — own crypto, and around 10% of them hold over $100,000,' Lackner explained. 'Until now, these assets often had to be cashed out, often at the wrong time and with significant tax consequences, to count toward a mortgage application.' 'Stablecoins like USDC and USDT may be the ideal asset here,' Lackner went on to say. 'Unlike bitcoin or ethereum, there's significantly less volatility. That makes them more practical as proof-of-reserves when applying for a mortgage — borrowers aren't at risk of losing loan eligibility because of a sudden price drop.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 The New Retirement Problem Boomers Are Facing The 10 Most Reliable SUVs of 2025 This article originally appeared on 3 Ways Crypto Can Change How You Get Approved for Your Next Home
Business Wire
25-06-2025
- Business
- Business Wire
BitGo Partners with Reown to Launch WalletConnect Integration to Deliver Seamless Institutional Access to DeFi
NEW YORK--(BUSINESS WIRE)--BitGo, the leading infrastructure provider of digital asset solutions, today announced the launch of its WalletConnect integration powered by Reown's WalletKit SDK, enabling institutions to securely access decentralized applications (dApps) and the broader DeFi ecosystem directly from BitGo's self-custody hot wallets 1. The integration enables direct access to DeFi, DAO governance, and trading protocols through a single, secure interface. It brings together BitGo's enterprise-grade security controls with Reown's fast, scalable connectivity layer. WalletConnect has powered over 300 million connections and 45 million users worldwide have trusted WalletConnect to power their onchain experience. 'Institutions have long been gated from participating in DeFi due to security, compliance, and infrastructure gaps,' said Chen Feng, CRO at BitGo. 'By integrating WalletKit, we're unlocking secure access to DeFi and beyond—staking, governance, liquidity protocols—all from BitGo's trusted wallet environment.' What You Can Do—All Directly From Your BitGo Self-Custody Wallet: Supply or borrow assets via leading DeFi protocols Vote in governance proposals across supported DAOs Access perpetual trading Swap tokens on AMMs like Uniswap These capabilities allow institutional clients to deploy capital, participate in protocol operations, and execute onchain strategies—all without leaving BitGo's custody framework. 'Institutions need more than access, they need control, clarity, and confidence when interacting with onchain protocols,' said Jess Houlgrave, CEO at Reown. 'This integration brings exactly that. WalletKit enables BitGo clients to connect directly to DeFi with built-in security and the experience users expect. It's a huge step toward making onchain finance usable at scale.' Why It Matters: No asset movement required: Interact with DeFi protocols while keeping assets in your self-custody BitGo wallet Maintain enterprise-grade security: All transactions are governed by BitGo's policy engine and access controls Streamlined experience: Secure, fast, and intuitive access to dApps through WalletConnect—without the need for custom integrations The integration is now live across BitGo's self-custody hot wallets and supports major EVM-compatible networks including Arbitrum, BNB Chain, Berachain, CoreDAO, Ethereum, Optimism, Polygon. Institutions can now interact with the decentralized economy directly from BitGo without compromising on compliance, security, or operational efficiency. Qualified custody wallet support is planned for rollout in the near future, enabling an even broader range of institutions to engage with DeFi under the most stringent regulatory frameworks. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About Reown Reown is the onchain UX platform and builder of the WalletConnect Network. Its products, AppKit and WalletKit, are designed for individuals and organizations building onchain products. Reown focuses on combining innovation with reliability and ease of use to enable builders to incorporate onchain features into their products, bringing the opportunities of the new internet to their communities.
