The program uses MP Tokens, which users can earn by paying rent through the MegPrime system
Megatel Homes is preparing to roll out a new crypto-based rewards program aimed at renters, following approval from US regulators to move forward. The Texas-based homebuilder received a “no-action” letter from the Securities and Exchange Commission, clearing the way for the launch of its platform, MegPrime.
We’ve been building quietly …
MegPrime is a universal payments and rewards platform designed to turn everyday spending into real rewards, from coffee to rent.
We’ve received an SEC no-action letter confirming that the Division of Corporation Finance will not recommend…
— MegPrimePay (@MegPrimePay) January 16, 2026
The program introduces MP Tokens, which users can earn by paying rent through the MegPrime system. Those tokens can then be used for everyday spending or exchanged for US dollars. Megatel said the platform was developed quietly to meet regulatory standards before going public.
Company leaders say the idea is meant to give renters more financial flexibility during a period marked by high interest rates and rising housing costs. Megatel co-founder Aaron Ipour described the program as a way to help renters and future buyers build value instead of seeing rent payments disappear each month.
One of the platform’s most ambitious claims centers on homeownership incentives. MegPrime says renters who consistently use MP Tokens may qualify to apply up to a year of past rent, capped at $25,000, toward the purchase of a future home. With nearly one-third of US residents renting, the company sees a large potential audience.
MegPrime is also targeting homeowners, stating that participants could gain access to mortgage rates below current market levels. With average 30-year fixed mortgage rates hovering just above 6%, even small reductions could translate into meaningful long-term savings.
Crypto rewards are not new in consumer finance, but applying them directly to rent and housing marks a shift in how digital assets are being used. Regulatory backing from the SEC adds legitimacy to the effort, especially as federal leadership continues signaling a more open stance toward crypto-related innovation.
Megatel has not shared an exact launch date, but the company says MegPrime will begin onboarding users soon. If adoption follows, the program could test whether crypto incentives can gain traction in the housing market.
