First Bitcoin-Backed Mortgage Originated in U.S. Under Fannie Mae Standards

Coinbase has confirmed the successful origination of what it describes as the first U.S. mortgage structured under Fannie Mae standards and backed by Bitcoin collateral. The loan was issued and is being serviced by mortgage provider Better, with Coinbase providing the underlying technology infrastructure that enabled the transaction.

According to the company, this development marks an early step toward integrating digital assets into traditional home financing.

Coinbase further said the product is expected to launch nationwide in the summer, potentially allowing Bitcoin holders across the United States to leverage their crypto holdings within mortgage arrangements as part of standard lending frameworks.

Source: Coinbase