Two major U.S. real estate firms, Newrez LLC and Megatel Homes LLC, have announced that cryptocurrencies will be a significant part of their businesses moving forward, according to their recent disclosures.
Newrez LLC has announced that it will now incorporate cryptocurrency holdings into the mortgage risk assessment of potential homebuyers. Concurrently, Megatel Homes LLC is moving forward with its MegPrime token initiative after receiving a no-action letter from the Securities and Exchange Commission (SEC).
The MegPrime Token and Home Affordability
Megatel Homes LLC has revealed that it received a “no-action” letter from the SEC. This regulatory approval permits the company to proceed with its “MegPrime” token, a digital asset designed to assist consumers in purchasing housing and to earn rewards on their everyday spending.
In parallel, Newrez LLC, recognized as one of the top five mortgage lenders in the United States, has stated that beginning in February 2026, it will enable homebuyers to leverage their cryptocurrency holdings to qualify for mortgages.
According to Zach Ipour, CEO of Megatel, the MegPrime token (MP token) represents an expansion of a program initiated in 2019 that allowed renters to build home equity.
Under the new system, users can accumulate “RentForward” rewards by paying their rent through the MegPrime app using MP Tokens. These rewards can cover up to 100% of their rent from the past 12 months, including amounts up to $25,000, which can then be utilized as a down payment on a new home.
The tokens can be spent at various retail locations via a digital wallet and a payment card. When the card is used for everyday purchases such as gas or groceries, users earn rewards in the form of additional MP Tokens or points towards housing benefits. A “BillPay” feature is also available, allowing users to earn up to 20% back in rewards when paying mortgages or rent with the tokens.
The SEC’s “no-action” letter serves to confirm that the SEC does not classify MegPrime as a security or an investment contract. This classification is due to the absence of voting rights for token holders and their lack of entitlement to a share in the company's profits.
Regulatory Stance on Crypto in the Housing Market
The SEC has adopted a more “crypto-friendly” approach during the administration of President Donald Trump. The commission's Chairman, Paul Atkins, has voiced an optimistic outlook on digital assets, and the agency has recently established a “Crypto 2.0” task force to develop clear regulations for the industry.
Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), has recently instructed Fannie Mae and Freddie Mac to prepare proposals that would permit banks to consider a homebuyer’s cryptocurrency holdings as part of their mortgage risk assessment.
Historically, homebuyers were required to liquidate their crypto holdings and transfer the funds into a traditional bank account before a lender would consider their application. This process of selling often incurred significant tax liabilities and exposed buyers to the volatility of market price fluctuations.
Newrez’s new policy is specifically aimed at Gen Z and Millennial investors, who currently possess 45% of all cryptocurrency. By integrating digital assets into their “Smart Series” product suite, Newrez empowers these buyers to demonstrate their wealth while maintaining their existing investments.
The tokenization of Real World Assets (RWAs) has seen a surge in popularity, with experts forecasting that a substantial number of traditional assets, including stocks, bonds, and property rights, will be managed on blockchains by the conclusion of 2026.