Coinbase (NASDAQ: COIN) and Better Home & Finance (NASDAQ: BETR) funded the first Fannie Mae-backed mortgage using Bitcoin collateral. The initiative was initially announced in March 2026. Qualified homebuyers pledge Bitcoin and USDC to secure the loan.
This model eliminates the need to sell assets and pay capital gains taxes. The program addresses down payment requirements for homeownership.
Better issues a standard conforming mortgage for the bulk of the home value. A separate private loan backed by digital assets covers the down payment.
Coinbase provides the necessary custody, compliance, and infrastructure. The companies plan a nationwide rollout by the summer of 2026.