Better and Coinbase Launch Token-Backed Mortgage for Crypto Holders

US-based mortgage lender Better and cryptocurrency exchange Coinbase have launched a token-backed conforming mortgage for general availability, expanding on a previous limited rollout.

The new product allows borrowers to pledge their digital assets as collateral during underwriting instead of selling them, making it easier for crypto holders to access mainstream mortgage products.

According to Better and Coinbase, 76% of waitlist respondents were already Coinbase One users, while 60% said they planned to buy a home within six months.

The companies also pointed out that the median age of first-time homebuyers in 2025 is 40, with younger investors holding a significant portion of their wealth in crypto.