MegPrime Holding, and Megatel Homes , among the largest privately held real estate developers and homebuilders in the United States, have achieved a major regulatory milestone. The companies announced that they have received a No-Action Letter from the staff of the U.S. Securities and Exchange Commission (SEC) clearing the path for the launch of what they describe as the world’s first universal payments token.
At the center of this initiative is MegPrime, a fintech platform powered by its digital currency, the MP Token. Built to transform everyday spending into long-term financial progress, MegPrime is designed as an open ecosystem for both renters and homeowners. The platform connects routine household expenses into a unified rewards experience, allowing users to earn back a portion of the money they already spend addressing affordability challenges through new, blockchain-enabled technology.
Financial Technology Insights: Thredd Partners With Paywith for Card Programs in Australia
The MegPrime ecosystem is driven by the MP Token, which is purpose-built to support household savings through a unique rewards-based structure. Users who pay rent or mortgage payments using MP Tokens through the MegPrime app may earn up to 20% back in token rewards. These rewards can be used for everyday purchases such as groceries, gas, utility bills, or even toward buying a home, and can also be converted into U.S. dollars.
For renters, MegPrime introduces an innovative RentForward feature. Eligible users who pay rent with MP Tokens may receive up to 100% of their past 12 months of rent—capped at $25,000—applied toward a future home purchase, including down payments and other homeownership benefits. The platform also offers the MegaLow Rate Program, which provides eligible users access to mortgage rates up to 2.0% below market rates when payments are made in MP Tokens through the app, potentially saving thousands of dollars over the life of a loan.
Financial Technology Insights: Meld Raises $7 Million to Fuel Global Network Expansion
In addition, MegPrime helps users save on everyday spending through its crypto debit card, offering up to 10% back on common expenses like coffee, groceries, and gas directly offsetting rising costs of living.
“As the housing market continues to grapple with unsustainable interest rates and price inflation, MegPrime provides a real financial lifeline to renters, homeowners, and aspiring homebuyers,” said Aaron Ipour, co-founder of Megatel Homes and MegPrime. He emphasized that integrating blockchain technology into residential homebuilding represents a major economic leap forward and a powerful new use case for decentralized finance. Ipour also noted that receiving a No-Action Letter from the SEC marks a significant validation of MegPrime’s approach.
MegPrime brings together more than two decades of real estate expertise, the long-term vision of entrepreneurs Zach and Aaron Ipour, and blockchain technology to address the growing affordability crisis in U.S. housing. With home prices rising roughly 60% nationwide since 2019, mortgage rates hovering near 7%, and persistent inflation pressures, MegPrime positions itself as a technology-driven bridge to homeownership for Americans who increasingly feel priced out of the market.
Financial Technology Insights: Winston Pierce Expands to Canada With AI Trading
“MegPrime is designed to serve everyone not just a single builder, market, or moment,” said Zach Ipour, co-founder of Megatel Homes and MegPrime. He added that while most platforms aim to make spending easier, MegPrime focuses on creating lasting value from money people already spend, turning everyday financial activity into meaningful progress regardless of location or provider.
A core pillar of MegPrime’s strategy is regulatory compliance. By securing a No-Action Letter from the SEC’s Division of Corporation Finance, the company has confirmed that the MP Token is classified as a universal payments token rather than a security or investment contract. This effort was led by a legal team that included former SEC staff from Gibson Dunn and Gray Reed, ensuring that the token’s design, minting process, and real-world utility meet rigorous compliance standards. As a result, MegPrime aims to offer users a secure, transparent environment focused on long-term financial confidence.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com