Coinbase and Better Mortgage have expanded their token-backed conforming mortgage offer to all eligible Coinbase One members in the United States, allowing borrowers to pledge cryptocurrency as collateral without selling their holdings. The general availability follows a waitlist opened in June and builds on an initial announcement in March, marking a significant step in connecting crypto assets with traditional home financing.
Under the program, Coinbase One members approved for eligible Better home-financing products can receive a lender credit equal to 1% of the mortgage value, capped at $10,000. The credit applies to standard mortgages, home equity lines of credit (HELOCs), and refinances, and is applied against closing costs on the borrower's closing disclosure. The expanded offer became available to Coinbase One members on Aug. 12, and the companies formally announced the milestone on Wednesday.
The first lien is structured as a standard conforming mortgage under Fannie Mae guidelines. The product supports Bitcoin (BTC) and USD Coin (USDC) as collateral for down payments. According to Better and Coinbase, the waitlist represented more than $260 million in projected loan volume before general availability. Among waitlist respondents, 76% were already Coinbase One users, and 60% said they planned to buy a home within six months.
"This partnership has always been about expanding access to homeownership by meeting borrowers where they are," said Ziggy Jonsson, chief technology officer at Better Mortgage. "By allowing Coinbase One members to pledge crypto as collateral without selling their holdings, we're opening a new path toward homeownership for a generation of borrowers whose wealth increasingly lives onchain."
Better has funded more than $110 billion in loans to date. The company noted that 41% of its pre-approved customers qualify based on income and credit but lack sufficient cash for a traditional down payment, underscoring the potential demand for crypto-collateralized home financing. The launch is positioned as a way to increase institutional adoption of digital assets and could influence how the real estate market views cryptocurrency as a legitimate financial tool.
