Our Origin Story

February 12, 2024

In 2019, our CEO wanted to use crypto proceeds for a house purchase.  It set immediate alarm bells ringing with his solicitor, who said that crypto earnings could not be accepted under any circumstances.  

Why not?  After all, the transaction data is publicly available, and he could provide exchange and bank statements.  The answer, however, was still a firm ‘no’.  Similar stories of rejection emerged, often because crypto was just ‘too much of an AML risk’.

It seemed unfair.  So, he set about solving this issue - using blockchain data to help crypto investors explain their crypto portfolio: where it came from, what services they use and why, and which tokens accrued the most.  And then explaining that data to solicitors across the UK.  This was the genesis of Hoptrail.

Since setting out on this journey, Hoptrail has helped numerous customers - mostly first-time buyers in their 20s and 30s - get on the housing ladder using crypto proceeds.  Some   just in need of a deposit, others buying outright in cash.  But all with solicitors who are now crypto-friendly and crypto-savvy.

What excites us the most is that we’re seeing a new generation of young, wealthy entrepreneurs.  A shift in generational wealth is being facilitated by digital assets, pioneered by gamers, developers, millennials, NFT artists, and blockchain enthusiasts.  Some would never have dreamed of being able to afford a property.  But, having made their fortune, they are often finding themselves locked out of traditional finance.  Hoptrail’s mission is to change that.  



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