The U.S. housing finance market is taking a significant step toward integrating digital assets into the mainstream, as the Federal National Mortgage Association (FNMA) begins accepting its first crypto-backed mortgage structure. In partnership with Better Home & Finance and Coinbase Global (COIN), borrowers can now pledge assets like Bitcoin or stablecoins as collateral for a separate loan used to fund a down payment, allowing them to retain crypto exposure rather than liquidate holdings.
The structure involves two loans (a traditional mortgage and a crypto-backed loan), both held by Better, with pledged crypto locked until repayment.
