What is BTM?
BitMortgage [BTM] is a purpose-built L1 for the mortgage industry. Developed in partnership with leading institutions, BTM is a native-digital asset and designed to be originated / audited / traded programmatically enabling high-throughput, low-cost mortgage operations.
Why create a
new Layer1?
Current defi development has almost exclusively focused on stablecoin and payment rails. BitMortgage is the first blockchain designed and built for real-world mortgage transactions, and brings the efficiencies promised by other digital assets to the world’s largest consumer debt segment.
Shifting mortgage
into the digital
asset era
01 :: Native digital debt instrument
First-of-its-kind “no-doc” mortgage instrument that is still fully auditable and fully impervious to principal-agent fraud.
02 :: Agentic Originations
Purpose-built to be originated by AIs or via digital wallets without human intervention.
03 :: Real-time transactions
Supports peer-to-peer originations and trades with instant credit decisions and built in regulatory holds.
04 :: Low fees and transaction costs
Near zero origination costs with low blockchain network fees and rate benchmarks 100bps below TradFi mortgages.
Technical features
01 :: Embedded compliance
Digital Dodd-Frank ATR trails are generated using cryptographic proofs enabling the use of digital data in origination operations past the pre-approval stage.
02 :: Fully Programmable
Can support any loan product or program desired.
03 :: Zero-knowledge
Support for ZKP-based validation shielding sensitive underlying data including all borrower Personally-Identifiable Information (PII).
04 :: On-chain Liquidity
Support for instantaneous transfers of BTMs amongst blockchain participants for nearly zero-cost, including whole loan, batch transfers, and BTMBS.
05 :: Backwards compatible
For institutions with bespoke off-take relationships, BTMs also support GSE + MISMO eMortgage delivery, and can be moved off-chain into TradFi systems.
01 :: Support a self-serve channel
Dis-intermediate your retail people-ops and enable borrowers to self-serve and get mortgages from unbiased AIs instead of humans.
02 :: Originate loans via code, not people
No need for correspondents and bankers. BitMortgages are designed to be issued, audited, and traded programmatically.
03 :: Eliminate risk & compliance burden
BitMortgage’s proprietary blockchain features secure TEE-based oracles that make digital data verifiable, enabling compliance without need for paper-trails, borrower submitted documentation, or mediation.
04 :: Low variable cost model
Transform your mortgage operation into a variable cost business and originate end-to-end for under 100bps, compared to the roughly 350bps it costs today.
05 :: Scale volume
Run high-volume mortgage operations without need for headcount. Only constraint will be capital. Great for originators with large servicing books or latent customer bases (i.e. banks and scaled nonbanks).
Frequently
asked questions
01 :: How is BitMortgage different from other digital assets and blockchains?
BitMortgage is purpose-built for mortgage and can be thought of as the industry’s stablecoin equivalent. It doesn’t displace other general-purpose blockchains; rather, it incorporates design choices that meet the needs of highly-regulated mortgage use cases. These include secure enclaves for Dodd-Frank ATR compliance, zero-knowledge auditing capability, and a predictable low cost model to originate a loan.
02 :: How is BitMortgage different than an LOS
BitMortgage is a foundational layer. An LOS is an application. The BitMortgage Blockchain is decentralized by nature and can be thought of as a replacement for both an LOS and the entire loan operation that surrounds it. It’s an open network that can be shared by the entire industry, similar to a Visa or SWIFT. BitMortgages themselves are interoperable and post-issuance can be moved into a traditional LOS if desired.
03 :: Who can build on BitMortgage? When will BitMortgage launch?
Those that want to build may require access to the BitMortgage testnet. We’re providing select partners with priority access to our system and only plan to work with a handful of participants over the coming months. We plan on minting the first BitMortgages early Q1 2026. It was not our intention to open our BitMortgage protocol up to industry, so please be patient as we develop a proper SDK.
04 :: Who will participate on the network?
We’re building BitMortgage with core principles of decentralization and neutrality. The blockchain will be secured by an independent and diverse validator set, including current design partners, consulting firms, and banks, with a roadmap toward permissionless validators and full decentralization in the future.