Crypto-Rich but House-Hunting? Coinbase and Better Unveil Token-Backed Mortgage

Coinbase ) and Better Mortgage ) launched a token-backed mortgage Wednesday, letting crypto holders buy a home without selling their holdings.What the Product Actually DoesAccording to a joint press release, Better originates and services the mortgage while Coinbase powers the crypto collateral layer, with the product structured to meet Fannie Mae conforming guidelines.Approved Coinbase One members receive a lender credit equal to 1% of their mortgage value, saving up to $10,000 in closing costs across standard mortgages, HELOCs, and refinances.The waitlist the companies opened in June generated over $260 million in projected loan volume before launch, with 76% of applicants already Coinbase One members and 60% planning to buy within six months.Meanwhile, Better Chief Technology Officer Ziggy Jonsson noted that the median age of a first-time homebuyer hit 40 in 2025 as rates, prices, and limited supply locked out younger buyers.This product is aimed squarely at that group, whose wealth increasingly sits in crypto rather than a bank account.How Coinbase Is Expanding Its Real-World FootprintThe mortgage launch arrives as Coinbase deepens its push into tokenization on multiple fronts. Tuesday, Bitwise Asset Management launched Automated Token Portfolios using Coinbase’s tokenized US stocks, letting eligible international investors replicate professionally designed stock portfolios while keeping assets in their own non-custodial wallets.Bitwise plans to roll out three initial portfolios covering the Magnificent Seven, robotics, and AI leaders over the coming weeks.Together the two launches position Coinbase as the infrastructure layer connecting crypto wealth to real-world financial products, from home purchases to equity portfolios.COIN Price Analysis: Key Levels to WatchCOIN pulled back 3% Wednesday after briefly tagging the descending trendline from the January highs at $185.50, the first real trendline touch in eight months.Meanwhile, the Bull Market Support Band at $171.75 to $173.07 lines up with the 100-day EMA at $173.49 directly below as the key retest zone.Hold the $172 to $173 band and the breakout attempt stays alive. Lose it and the stock fades back into its prior range.Image: Shutterstock