Megatel Homes Receives SEC Nod to Issue Crypto Rewards

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Suja Sunderarajan

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Suja Sunderarajan

Since part of the group

June 2023

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Suja was recognized by BeInCrypto 🟣 Women in Crypto 2024 🟣 for her leadership in crypto journalism.

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Last Updated:

January 16, 2026

US-based privately held Megatel Homes has announced the launch of a crypto payments and rewards token dubbed “MegPrime”.

The announcement came after Dallas-based Megatel received a “no-action” letter from the Securities and Exchange Commission, which allowed it to launch its universal payment token.

The MegPrime token converts daily spending into rewards, helping households earn a portion of their spending.

Co-founder of Megatel Homes, Zach Ipour, said it marks the company's first foray into the digital assets space.

Megatel Token is for earning rewards, not as an investment.

The company has made it clear that MegPrime tokens will only be traded for making payments to earn rewards and not as investments. Megatel will start issuing the tokens in the coming weeks, according to Reuters.

“We plan to create an ecosystem that's open to all renters and homeowners nationwide, rewarding families for their everyday spending,” said Zach Ipour.

Users who pay rent or mortgage payments with the tokens or users through the MegPrime app can earn up to 20% of token rewards. These rewards can be redeemed for everyday purchases, from groceries to utility bills, a company statement read.

He also added that MegPrime token rewards can be converted into US dollars.

Additionally, tenants who use tokens are eligible to receive 100% of the last 12 months' rent (up to $25,000) toward a future home purchase.

“Since we have multibillion-dollar home construction and are involved in financing the homes, we believe we can perfect this model and take it to the next level by combining real estate activity with digital currencies,” Epur told Reuters.

The Housing Market Embraces Blockchain Tech

Real estate companies are integrating blockchain technology with consumer-based programs.

The US Federal Housing Finance Agency (FHFA) has been investigating the role of crypto holdings in securing loans. FHFA Director Bill Pulte, a vocal proponent, said last year that the agency was studying the use of crypto to qualify for mortgages.