Coinbase enabled a new token-backed mortgage product using Bitcoin pledges, backed by Fannie Mae.
3 reports, 3 independent
Updated Aug 3
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 3
- Developments
- 4
- Repetition
- 0%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Coinbase enabled a new token-backed mortgage product using Bitcoin pledges, backed by Fannie Mae.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Better is utilizing Bitcoin as collateral for a mortgage program, with Coinbase providing closing credit.Sub-event
First crypto-backed mortgage loan closed in Ann Arbor, validated by Fannie Mae.1 source
Coinbase partnered with Better to allow BTC pledges for mortgages, backed by Fannie Mae.1 source
Fannie Mae integrates Better Home and Finance into its crypto-backed mortgage product via Coinbase.1 source
Keep exploring
The entities involved
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Bitcoin
digital cash system and associated currency
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Coinbase
American company that operates a cryptocurrency exchange platform
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Fannie Mae
government-backed financial services company
Related events
- Bank of America adjusted its financial outlooks for both Coinbase and Robinhood.
- Pending U.S. crypto legislation involving Coinbase.
- Fannie Mae and Bank of Communications are being compared as finance companies.
- Coinbase-backed group endorses incumbents in the House.
- Coinbase awaits clearer rules from the SEC as Chair Paul Atkins pushes innovation exemptions for tokenized assets, with Nasdaq building supporting platforms.
Coverage
Newest first; wire copies grouped- forbes.com
- better_irBetter Home & Finance - Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
- dsnewsFannie Mae Accepts its First Crypto-Backed Mortgage Product - The MortgagePoint