Better Home & Finance Holding Company (NASDAQ:BETR) shares are up on Thursday. The company launched a groundbreaking partnership with Coinbase Global, Inc. (NASDAQ:COIN) to offer token-backed mortgages.
This innovative approach allows millions of Americans to secure home loans by pledging Bitcoin or USDC without needing to liquidate their assets.
Details
The partnership aims to democratize homeownership for the 52 million Americans who own digital assets. It will enable them to use their crypto holdings as collateral for conforming mortgages.
The tokenized asset pledge acts as a substitute for the cash down payment. This means customers can …