Coinbase to launch token-backed mortgage down payments this summer

A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.

Cryptocurrency exchange Coinbase will allow qualified borrowers to pledge digital assets to fund Fannie Mae-backed mortgage apartments beginning this summer.

In a Thursday notice, Coinbase and its partner, Better Home & Finance, said the mortgage structure plan launching “by summer 2026” will allow borrowers to initially use Bitcoin (BTC) or USDC (USDC) as collateral for loans to fund down payments for homes. The initiative, first announced in March, represented a significant shift in companies allowing digital assets to be used for financing houses. 

Source: Pavel Danilyuk on Pexels

Read more