Better Home & Finance Holding Co. is launching a new mortgage product in partnership with Coinbase that allows homebuyers to use cryptocurrency as collateral instead of selling it. The offering enables borrowers to pledge assets like Bitcoin and USDC to fund a down payment while maintaining exposure to potential future price appreciation.

The product is designed under Fannie Mae guidelines, making it eligible for standard mortgage backing and potentially lower interest rates. This marks a shift in how digital assets are treated in traditional finance, where crypto has typically only been recognized once converted into fiat currency.