Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
Better Home & Finance Holding Company and Coinbase have launched a token-backed, conforming mortgage product, allowing Americans to pledge Bitcoin or USDC as collateral for a cash down payment. This partnership aims to make homeownership more accessible to the 52 million Americans who own digital assets, particularly younger generations who have struggled with traditional down payment requirements.
Better Home & Finance Holding Company and Coinbase have partnered to launch a token-backed mortgage product. This product allows Americans to pledge Bitcoin or USDC as collateral for a cash down payment. The mortgage is originated and serviced by Better and backed by Fannie Mae. Interested borrowers can register for early access. The partnership aims to make homeownership more accessible to digital asset owners. Token-backed mortgages empower Americans to secure a home loan without selling their digital assets.
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