Better Home & Finance Holding Company (NASDAQ: BETR) and Coinbase (NASDAQ: COIN) on Thursday announced the funding of the first Fannie Mae-backed mortgage collateralized by Bitcoin in the United States, marking what the companies called a pivotal moment in bridging digital asset wealth and traditional homeownership.

The debut loan was closed by Joe and Amy, a married couple in their early 30s from Ann Arbor, Michigan, who used Bitcoin holdings as collateral to fund their down payment rather than liquidating their position, the companies said.

The couple pledged their crypto through Coinbase’s custody infrastructure and obtained a conforming mortgage through Better without…

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