Bitcoin collateral assets are shifting from cryptocurrency portfolios to home loans The first Bitcoin mortgage backed by Fannie Mae has been approved, paving the way for nationwide rollout. On June 4, Coinbase (NASDAQ: COIN) and Better Home & Finance Holding Company (NASDAQ: BETR) jointly announced this milestone, calling it "the first mortgage in the United States guaranteed by Fannie Mae and backed by Bitcoin." Borrowers can stake Bitcoin or USD Coin (USDC) to raise a down payment while maintaining their cryptocurrency holdings. This structure combines traditional mortgages with cryptocurrency-backed down payment financing. Better is responsible for initiating and managing this Fannie Mae-backed mortgage, while Coinbase is responsible for custody, compliance, and operational support for the staked digital assets. This means Bitcoin backs down payment loans, while home loans remain within a standard mortgage system. The announcement states: