Coinbase and Better Home & Finance Close First Crypto-Collateral Mortgage Under Fannie Mae

Coinbase and Better Home & Finance say they have closed what they describe as the first mortgage involving crypto collateral while keeping the primary loan within the Fannie Mae conforming framework. The product, first introduced in March, lets borrowers pledge assets such as Bitcoin (BTC) or USDC held in a Coinbase account to secure a separate loan for the down payment, rather than selling crypto.