Texas-Based Homebuilder Megatel Homes Receives SEC Nod to Issue Crypto Rewards

Texas-Based Homebuilder Megatel Homes Receives SEC Nod to... Texas-based Megatel Homes has launched a crypto payments and rewards token dubbed âEUR?"MegPrime,âEUR after receiving a âEUR?"no-actionâEUR letter from the SEC. The post Texas-Based Homebuilder Megatel Homes Receives SEC Nod to Issue Crypto Rewards appeared first on Cryptonews. Megatel Homes, a privately held home builder in the US, has announced the launch of a crypto payments and rewards token dubbed âEUR?"MegPrime.âEURThe announcement came after the Dallas-based Megatel received a âEUR?"no-actionâEUR letter from the Securities and Exchange âEUR?'Commission, allowing it to launch the universal payments token.MegPrime token turns everyday spending into unified rewards, helping households earn a portion of the money they had spent.Zach Ipour, co-founder of Megatel Homes, stated that the token marks the companyâEUR(TM)s first entry into the digital assets space. WeâEUR(TM)ve been building quietly âEUR¦MegPrime is a universal payments and rewards platform designed to turn everyday spending into real rewards, from coffee to rent.WeâEUR(TM)ve received an SEC no-action letter confirming that the Division of Corporation Finance will not recommendâEUR¦- MegPrimePay (@MegPrimePay) January 16, 2026 Megatel Token to Earn Rewards, Not as InvestmentThe company made it clear that MegPrime tokens will solely be marketed as a means of making payments to earn rewards, and not as investments. Megatel will start issuing the tokens in the coming weeks, Reuters reported.âEUR?"We set out to create an open ecosystem for all renters and homeowners nationwide, one that rewards households for the full scope of their everyday spending,âEUR said Zach Ipour.Users who pay rent or mortgage payments with the tokens or users through the MegPrime app, may earn up to 20% back in token rewards. These rewards can be further redeemed for everyday purchases, from groceries to utility bills, the company statement read.Additionally, MegPrime token rewards can be converted to US dollars, it added.Besides, renters who use tokens are eligible to receive 100% of their past 12 months of rent (up to $25,000), toward a future home purchase.âEUR?"Since we have a multi-billion dollar operation building homes and we are involved in financing the homes, we believe we ‍can perfect this model and take it to the next level, merging real estate activity with the benefit of digital currencies,âEUR Ipour told Reuters.Housing Market Embrace Blockchain TechReal estate companies are increasingly integrating âEUR?'blockchain technology into mainstream consumer-based programs.The US Federal Housing Finance Agency (FHFA) has been exploring the role of crypto holdings in getting a mortgage. FHFA director Bill Pulte, a vocal crypto supporter, said last year that the agency is studying the usage of crypto in qualifying for mortgages.The post Texas-Based Homebuilder Megatel Homes Receives SEC Nod to Issue Crypto Rewards appeared first on Cryptonews. Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: January 16, 2026 | Source: CryptoNews