Better Home & Finance Holding Company (NASDAQ: BETR) and Coinbase (NASDAQ: COIN) announced a partnership to offer token-backed mortgages to qualified borrowers. The program allows customers to pledge Bitcoin or USDC as collateral for down payments without liquidating their digital assets.

The mortgages are originated and serviced by Better and backed by Fannie Mae as conforming mortgages. Coinbase provides the cryptocurrency exchange platform for the digital asset pledges. Borrowers can register for early access at better.com/crypto-backed-mortgages.

"Better was founded to make homeownership more accessible for all Americans, and this partnership with Coinbase introduces a new pathway to realizing the American Dream for the 52 million Americans who own digital assets," said Vishal Garg, CEO and Founder of Better.

The program includes several features: no margin calls or top-ups required if Bitcoin values decline, collateral only at risk during 60-day payment delinquency, and USDC pledges earning rewards that can offset mortgage payments. The digital asset pledge funds a separate privately financed loan for the down payment.

According to Coinbase's 2025 State of Crypto Report, 45% of younger investors own cryptocurrency compared to 18% of older investors. The NCA 2025 State of Crypto Holders report indicates 67% of token holders are 45 years old or younger, and 26% earn less than $75,000 annually.

Coinbase One members who obtain mortgages through Better are eligible for rebates worth 1% of the mortgage value, capped at $10,000, to cover closing costs and fees. The rebates are provided by Better.

"The ability to transform digital wealth into housing access is an exciting milestone in our mission to increase economic freedom," said Max Branzburg, Head of Consumer and Business Products at Coinbase.