Crypto News: UK Fintech MQube Breaks Ground with £1.3B Mortgage Debt Tokenization on Blockchain

UK fintech MQube has pioneered a transformative milestone by becoming the first company in Europe to tokenize £1.3 billion of mortgage debt on an EVM-compatible blockchain.

This groundbreaking move could revolutionize how mortgages are financed and traded, potentially setting new standards for the sector.

Tokenization Redefines Mortgage Lending Efficiency and Liquidity

CEO Stuart Cheetham described the development as a "remarkable step" toward modernizing traditional mortgage lending.

Tokenization enables enhanced data integrity, transaction security, and audit traceability.

By placing mortgage assets on-chain, MQube's lending arm, MPowered Mortgages, eliminates much of the legal friction involved in refinancing, saving thousands of pounds per transaction.

Cheetham also highlighted that this innovation paves the way for a blockchain-powered mortgage securitization market.

Tokenized mortgage pools could be packaged and traded like conventional bonds, freeing capital for lenders and allowing them to issue more loans.

The resulting liquidity boost offers the prospect of lower mortgage costs and greater product variety for borrowers.

Beyond operational gains, MQube aims to infuse the traditional mortgage process with blockchain's transparency and speed.

They brand themselves as the "One Day Mortgage" fintech committed to reinventing the mortgage industry.

The potential impact of tokenized real-world assets is vast. Research from Web3 property firm Animoca Brands projects the tokenization of traditional finance assets could unlock a $400 trillion market.

Additionally, the 2025 Skynet RWA Security Report forecasts the tokenized real-world asset market could grow to $16 trillion by 2030.

Institutional interest, including major banks and asset managers, is accelerating.

MQube’s initiative marks a pioneering step in Europe's blockchain-fintech landscape with significant implications for lenders and consumers alike.