B
yteFederal, a blockchain technology company, has launched a pilot program in Florida allowing real estate buyers to use bitcoin for property purchases. The service, announced on July 21, 2025, targets new construction properties and is facilitated through partnerships with New Estate Only (NEO) and OPISAS.
Buyers can pay security deposits and final closing payments in bitcoin, which ByteFederal converts to USD for escrow or title companies. "We handle the conversion, and then we deliver USD fiat to the escrow or title company for closing," said Paul Tarantino, CEO of ByteFederal. The service is currently manual but has a growing waitlist and will become fully automated soon.
ByteFederal's partnership with NEO leverages its platform as a multiple listing service (MLS) for new construction properties. NEO lists properties like single-family homes, townhomes, condos, and high-rise apartments. This collaboration targets international investors, particularly from Italy, seeking U.S. real estate.
The partnership with OPISAS facilitates property selection while ByteFederal handles crypto-to-fiat conversions, ensuring sellers receive USD without exposure to bitcoin's price volatility. This aligns with growing global interest in U.S. real estate and NEO's plans for expansions to Colombia, El Salvador, Italy, and Dubai.
ByteFederal operates Bitcoin ATMs, offers the ByteWallet, and provides ByteConnect, a point-of-sale system for merchants. With 15 money transmitter licenses, the company emphasizes regulatory compliance, positioning itself to benefit from recent U.S. regulatory developments like the Clarity Act.
This initiative comes amid broader shifts in U.S. financial policy, including the Federal Housing Finance Agency's exploration of crypto assets for mortgage underwriting. ByteFederal's service addresses key challenges by providing a compliant bridge between crypto and fiat, focusing on new construction and international buyers to capitalize on Florida's robust real estate market and growing crypto adoption.
