Key facts
- Better Mortgage and Coinbase have launched a token-backed, conforming mortgage product.
- The product allows borrowers to pledge crypto assets as collateral.
- It is designed to meet Fannie Mae guidelines for conforming mortgages.
- Coinbase One members who are approved for a loan can receive a 1% lender credit on closing costs, capped at $10,000.
- This credit applies to Better's standard mortgages, HELOCs, and refinances for eligible Coinbase One members.
Better Mortgage and Coinbase have officially rolled out their token-backed, conforming mortgage product, making it broadly available to Coinbase One members. This innovative offering allows individuals to use their cryptocurrency assets as collateral for a mortgage without needing to sell their holdings. The product is structured to meet Fannie Mae guidelines, ensuring it functions as a standard conforming mortgage despite the integration of digital assets in the underwriting process.
Eligible Coinbase One members who secure a loan through Better will benefit from a lender-funded closing cost credit equivalent to 1% of the mortgage value, with a maximum cap of $10,000. This credit is applicable across Better's range of home financing options, including standard mortgages, home equity lines of credit (HELOCs), and refinances. The expanded offer commenced on August 12.
Initial testing of the concept through a waitlist in June 2026 indicated strong demand, with 76% of respondents already being Coinbase One users and 60% expressing plans to purchase a home within six months. This waitlist alone represented over $260 million in projected loan volume prior to the product's wider release.
Company representatives highlighted the initiative's goal to broaden access to homeownership. Ziggy Jonsson, CTO at Better Mortgage, noted that in an environment of high interest rates and rising home prices, this product offers a new avenue for borrowers whose wealth is increasingly held in digital assets. Ben Shen of Coinbase emphasized that the partnership leverages the trust members place in Coinbase for their financial lives, extending it to major decisions like home buying and making crypto more practically useful.