Better Home & Finance Holding Company (BETR) and Coinbase (COIN) announced a partnership to bring token-backed mortgages to millions of Americans. Token-backed mortgages are originated and serviced by Better and benefit from the same backing of Fannie Mae as other conforming mortgages. Bitcoin and USDC pledges are powered by Coinbase. Americans who qualify for a mortgage with Better will now be able to pledge Bitcoin or USDC as collateral to fund their cash down payment, securing a standard conforming mortgage without liquidating tokenized assets or potentially triggering a taxable event. The launch of the Better + Coinbase token-backed mortgage product marks the first time an AI-native mortgage lender has used secured digital asset loans and the platform of a major crypto exchange to create a direct pathway from digital wealth to homeownership. Interested borrowers can register for early access today at better.com/crypto-backed-mortgages.
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