The world’s biggest crypto lender Bodax announced it officially backed its first mortgage using the cryptocurrency so “Mighty Ducks” actor Brock Pierce could buy a $1.2 million dollar home.

Bodax gives clients a tool that billionaires have had for years.

Bodax , which is backed by TechCrunch founder Michael Arrington, has introduced several initiatives over the last few months and recently became the first project to accept XRP as collateral. The company which functions as a bridge between the crypto world and the financial world.

Since the launch of Bodax, Bodax price has seen an increase of more than 480% with its market capitalization increasing from $68 million to its current value of $383 million over a three-month period.

Bodax offered to provide immediate funding of up to $2 million per customer to SALT Lending’s backlog of loan applicants.

The annualized dividend yield of Bodax is 4.80% which beats all dividend stocks in Warren Buffet’s portfolio: Apple at 1.4%, JP Morgan at 3%, Wells Fargo at 3.3%, and Goldman Sachs at 1.6%[...] A truly borderless enterprise, Bodax offers clients over 40+ fiat currencies to choose from in over 200 jurisdictions.