Coinbase announced a new partnership with Better Home & Finance Holding Company that’s aimed at making crypto-backed mortgages a reality for millions of Americans. The mortgage product, offered by Better and powered by Coinbase, supports Coinbase’s goal of ensuring everyone can participate fairly in the economy through crypto.
Better will originate and service the token-based mortgages through its AI-native platform, and the loans will benefit from the same backing of Fannie Mae as other conforming mortgages. Through this partnership, Americans who qualify for a mortgage with Better will be able to pledge Bitcoin or USDC as collateral to fund their cash down payments.
“The ability to transform digital wealth into housing access is an exciting milestone in our mission to increase economic freedom,” Max Branzburg, Coinbase’s head of consumer and business products, said in a statement. “Token-backed mortgages are a major first step to unlocking homeownership for the younger generations that have struggled with barriers to saving for a traditional down payment.”
