Coinbase, Better expand token-backed mortgages to all 50 states and UK
Coinbase and Better made token-backed mortgages generally available on 26 August 2026; product went live 12 August. BTC or USDC can be pledged as collateral for conforming loans.
Coinbase and Better made their token-backed mortgage generally available on 26 August 2026; the product went live on 12 August.
Borrowers can pledge BTC or USDC as collateral for conforming home loans in all 50 US states and the UK.
The first lien remains a standard conforming loan under Fannie Mae guidelines; crypto is pledged collateral only.
Coinbase One members receive a 1% lender credit capped at $10,000.
Waitlist data projected more than $260 million in loan volume.
Unconfirmed terms
Published loan-to-value terms on pledged crypto are not stated.
Margin-call mechanics during drawdowns are not disclosed.
Fannie Mae’s ongoing stance on purchasing these loans is not confirmed.
Tax treatment of pledged tokens is not addressed.