• Block Earner raised $8M in Series A funding led by CMCC Global, valuing the fintech at $75M.
  • The company is battling ASIC in court while pivoting to crypto-backed lending products, including Bitcoin-collateralized mortgages.
  • Funding will accelerate expansion across Australia and support early-stage international growth.

Australian crypto fintech Block Earner has raised $8 million in a Series A round as it continues its high-profile legal fight with the country’s corporate regulator, ASIC.

The round was led by Hong Kong investor CMCC Global’s Titan Fund, with participation from Sydney-based King River Capital. The deal values the company at $75 million. Block Earner previously secured a $7 million seed round in 2022 from Framework Ventures and Coinbase Ventures.

Founded in 2021, Block Earner first attracted scrutiny from ASIC over its Earner product, which offered fixed-yield returns on digital assets. Regulators argued the firm needed a financial services license to operate the product. The company shut it down in 2022, but litigation has continued.

After an early court ruling favored ASIC in 2024, the Federal Court waived penalties, and a subsequent appeal overturned the decision in April 2025. ASIC has now escalated the case to the High Court, alongside a similar dispute with Finder’s Earn wallet.

Despite its regulatory battles, Block Earner has pivoted into crypto-backed credit products. Its flagship offering includes Bitcoin-backed home loans at 9.5% interest—over 50% higher than standard mortgage rates. The company says the model unlocks idle value by allowing borrowers to leverage crypto without selling it.

“By enabling crypto to be used as loan collateral without needing to sell it, we can unlock billions in value that would otherwise sit idle in the Australian economy,” said CEO and co-founder Charlie Karaboga.

He added that the funding will accelerate local product rollouts and support early international expansion.

Investors see broader potential in Block Earner’s infrastructure.

“Their API-enabled model streamlines crypto-backed lending for individuals and creates opportunities for B2B partnerships and rapid global scalability,” said Shiau Sin Yen, co-founder of CMCC Global Titan Fund.

The new capital will be used to grow Block Earner’s suite of blockchain-powered financial products in Australia and begin building a footprint in international markets, positioning the fintech as a bridge between traditional lending and digital assets.

Edited by Harshajit Sarmah