By Kelly Cloonan

Shares of Better Home & Finance Holding gained on a partnership with Coinbase to offer token-backed mortgages.

The stock climbed 11% to $34.95. Shares have more than doubled over the past year.

Under the collaboration, Americans who qualify for a mortgage with Better will be able to pledge Bitcoin or USDC as collateral to fund their cash down payment.

The offering will allow customers to secure a standard conforming mortgage without liquidating tokenized assets or potentially triggering a taxable event, the companies said.

The companies said the offering will expand access to homeownership for younger generations that have struggled to save for a traditional downpayment, given they are more likely to own crypto than older generations.

Token-backed mortgages originated by Better will be designed in accordance with Fannie Mae guidelines and remain as standard conforming mortgage loans, allowing for lower interest rates than those traditionally associated with token-backed loans, the companies said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

March 26, 2026 12:16 ET (16:16 GMT)

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