Fannie Mae will soon accept crypto-backed mortgages for the first time, marking a further move of cryptocurrencies into mainstream finance, as Better Home & Finance and Coinbase Global are launching a new product that allows homebuyers to pledge crypto holdings instead of selling them for a cash down payment; while not the first such offering, Fannie’s involvement—backed by the federal government and overseen by the Federal Housing Finance Agency—could significantly expand adoption of crypto-bas

Fannie Mae will soon accept crypto-backed mortgages for the first time, marking a further move of cryptocurrencies into mainstream finance, as Better Home & Finance and Coinbase Global are launching a new product that allows homebuyers to pledge crypto holdings instead of selling them for a cash down payment; while not the first such offering, Fannie’s involvement—backed by the federal government and overseen by the Federal Housing Finance Agency—could significantly expand adoption of crypto-based mortgage products.