Business
Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
By integrating home finance with digital assets, millions of Americans can now achieve their homeownership goals by pledging BTC or USDC without needing to
About this update from Better Home & Finance Holding Company
[{"type":"text","content":"\nBy integrating home finance with digital assets, millions of Americans can now achieve their homeownership goals by pledging BTC or USDC without needing to liquidate their holdings or potentially triggering a taxable event1.\n\n\n NEW YORK--(BUSINESS WIRE)--\nBetter Home & Finance Holding Company (NASDAQ: BETR), and Coinbase (NASDAQ: COIN), today announced a milestone partnership to bring token-backed mortgages to millions of Americans. Token-backed mortgages are originated and serviced by Better, the leading AI-native mortgage originator, and benefit from the same backing of Fannie Mae as other conforming mortgages. Bitcoin (BTC) and USDC pledges are powered by Coinbase, the largest and most trusted cryptocurrency exchange in the US. 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 event1.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260326569749/en/\nThe 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.\n\n\n“Better was founded to make homeownership more accessible for all Americans, and this partnership with Coinbase introduces a new pathway to realizing the American Dream for the 52 million Americans who own digital assets,” said Vishal Garg, the CEO and Founder of Better. “Together, we are taking a major step towards truly democratizing homeownership for hardworking Americans.”\n\n\nFor decades, the path to homeownership has required Americans to sell assets, liquidate investments, or withdraw retirement savings to cover a cash down payment; often triggering capital gains taxes or early withdrawal penalties.\n\n\nMarket reports suggest 52 MM American adults or 20% of American adults have owned digital assets. Token-backed mortgages empower Americans who own digital assets but lack sufficient downpayment funds, or prefer to keep downpayment funds liquid, to se...