A first-of-its-kind bitcoin-backed mortgage has entered the U.S. housing market. Coinbase and Better funded the first Fannie Mae-backed mortgage using bitcoin collateral, creating a new option for homebuyers with wealth held in digital assets. The first Fannie Mae-backed bitcoin mortgage has been funded, clearing the way for a nationwide rollout. On June 4, Coinbase (Nasdaq: COIN) and Better Home & Finance Holding Company (Nasdaq: BETR) announced the milestone, describing it as “the first Fannie Mae-backed mortgage backed by Bitcoin in the United States.”