# Mortgage Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Mortgage", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Better Launches Bitcoin-Collateralized Mortgage with Rehypothecation on Coinbase

Better Mortgage, in partnership with Coinbase, has launched a mortgage product that allows homebuyers to use Bitcoin as collateral for their down payment. Borrowers receive two loans: a standard mortgage secured by the home and a second loan for the down payment, secured by the borrower's Bitcoin held at a 250% collateral-to-loan ratio (e.g., $250K in Bitcoin for a $100K down payment). The Bitcoin is transferred to Better's custodial account at Coinbase Prime. A key feature is "re-hypothecation," where Better can reuse the pledged Bitcoin for other purposes, while promising to return an equivalent amount upon loan repayment. The Bitcoin collateral remains locked until the primary mortgage is fully paid off or refinanced, which could span decades. Unlike typical crypto-backed loans, there are no margin calls if Bitcoin's price falls; liquidation only occurs after a payment default. The product does not help borrowers qualify for the primary mortgage, which still requires meeting standard income and credit criteria. Coinbase acts solely as the asset custodian and technology provider, not as a lender. Currently, only Bitcoin is accepted as collateral.

cryptonews.ru09/07 08:41

Better Launches Bitcoin-Collateralized Mortgage with Rehypothecation on Coinbase

cryptonews.ru09/07 08:41

Pineapple Financial Places $1 Billion Worth of Mortgage Records on Injective

Pineapple Financial has migrated over $1 billion worth of residential mortgage records onto the Injective blockchain as part of a larger initiative to transfer its historical loan portfolio on-chain. The company ultimately plans to transfer more than 29,000 mortgages, valued at over $10 billion. Each on-chain record contains detailed loan-level data for verification, auditing, and risk analysis, but represents the mortgage data itself, not ownership of the underlying loans. The market capitalization of the token (PAPL0) tracking these records on Injective has grown significantly. This migration is one component of Pineapple's broader partnership with Injective, which also includes a $100 million digital asset treasury. The news highlights the growing trend of tokenizing real-world assets (RWA), with real estate being a primary focus. Tokenization can simplify fractional ownership and transfer of property assets. Recent examples include a Goldman Sachs-led tokenized real estate fund and a pilot project in Dubai. However, the total value of tokenized real estate remains a small fraction of the broader tokenized RWA market, which is currently valued in the tens of billions.

cryptonews.ru09/04 22:49

Pineapple Financial Places $1 Billion Worth of Mortgage Records on Injective

cryptonews.ru09/04 22:49

Pineapple Financial puts $1B in mortgage records on Injective

Pineapple Financial has moved over $1 billion of its residential mortgage records onto the Injective blockchain, initiating a broader plan to migrate its entire historical loan portfolio of more than 29,000 mortgages (worth over $10 billion) onchain. Each onchain record is tied to an original loan file and contains over 500 data points for verification and analysis, but does not represent a repackaged security or ownership of the underlying loan. The token tracking these records, PAPL0, has a market cap of approximately $1.1 billion. This migration is part of Pineapple's relationship with Injective, which also includes a $100 million INJ digital asset treasury. The news comes amid growing momentum for real estate tokenization, exemplified by initiatives from firms like Goldman Sachs and in Dubai, though the sector remains a small part of the overall tokenized real-world asset (RWA) market.

cointelegraph09/04 19:46

Pineapple Financial puts $1B in mortgage records on Injective

cointelegraph09/04 19:46

Company Figure Completes $717 Million Deal with Kiavi, Transferring $7 Billion Loan Business to Blockchain Platform

On September 1st, Figure Technology Solutions completed its $717 million acquisition of Kiavi, a major U.S. lender to residential real estate investors. This move transfers Kiavi's lending business, which originated $7.8 billion in loans in 2025, onto Figure's blockchain platform, Figure Connect. The deal aims to test whether blockchain-based lending and AI-driven underwriting can scale beyond tokenized stablecoins and government bonds into private credit. Figure funded the acquisition primarily through a $600 million bond issuance. Kiavi brings its AI-powered lending platform, automated document verification, and a network of over 480 partners to Figure. The integration is expected to channel over $7 billion in annual loan volume onto Figure's blockchain, with more than $100 million monthly flowing to its Democratized Prime lending platform. For the crypto and fintech sectors, this transaction represents a significant experiment in scaling tokenized real-world assets (RWA). Figure, already a leader in private credit tokenization, expects its market share to reach about 75% in this segment by late 2025. The key question is whether blockchain infrastructure and AI underwriting can compete with traditional finance for a major asset class like mortgage lending. Figure plans to update its market forecast after Q3 results to show the deal's initial impact.

cryptonews.ru09/02 05:15

Company Figure Completes $717 Million Deal with Kiavi, Transferring $7 Billion Loan Business to Blockchain Platform

cryptonews.ru09/02 05:15

Coinbase Exchange, in Partnership with Better, Launches Bitcoin- and USDC-Backed Mortgage

Updated: August 26, 2026 Cryptocurrency exchange Coinbase and Better Mortgage have launched a mortgage program with cryptocurrency collateral for Coinbase One subscribers in the US. The program allows users to use Bitcoin and USDC as collateral for the down payment without having to sell the assets. According to Better, 41% of pre-approved clients meet income and credit history requirements but lack sufficient traditional cash for a standard down payment. Better Mortgage's CTO, Ziggy Jonsson, stated the partnership aims to expand access to homeownership for a generation whose wealth is increasingly held on-chain. The launch follows pre-demand from a waitlist opened in June. Data shows 76% of respondents were already Coinbase One users, and 60% planned to buy a home within six months. Previously, Coinbase introduced trading for stocks like Apple, Nvidia, and Meta on its platform.

cryptonews.ru08/27 05:18

Coinbase Exchange, in Partnership with Better, Launches Bitcoin- and USDC-Backed Mortgage

cryptonews.ru08/27 05:18

Better launches Bitcoin-backed mortgages powered by Coinbase

Better Mortgage and Coinbase have launched a Bitcoin-backed mortgage product for U.S. homebuyers, allowing them to use Bitcoin as collateral for a down payment without selling it. Borrowers must pledge Bitcoin worth at least 250% of the down payment loan, held in a Coinbase Prime custodial account. The mortgage and down payment loan share the same interest rate and are repaid via a single monthly payment. Bitcoin price drops alone do not trigger margin calls, but collateral can be liquidated if payments are 60 days delinquent. This launch follows a 2025 FHFA directive for Fannie Mae and Freddie Mac to consider cryptocurrency in mortgage assessments, reflecting a broader trend of integrating digital assets into the U.S. housing market.

cointelegraph08/26 20:20

Better launches Bitcoin-backed mortgages powered by Coinbase

cointelegraph08/26 20:20

When Crypto Assets Become Mortgage Collateral: The Triangular Dilemma of Regulation, Cost, and Tokenized Equity

When Crypto Assets Become Mortgage Collateral: The Trilemma of Regulation, Cost, and Tokenized Rights Better, in partnership with Coinbase, has launched a mortgage solution allowing borrowers to pledge Bitcoin or USDC as collateral. This facilitates two loans: a primary, Fannie Mae-compliant mortgage and a separate private loan for the down payment, secured by the crypto assets and a second lien on the property. The product targets asset-rich but cash-poor buyers, with high collateral requirements (250% for Bitcoin, 125% for USDC) and no margin calls. The initiative has drawn significant regulatory scrutiny. Seven U.S. Senators, led by Dick Durbin and Elizabeth Warren, sent a letter to the FHFA urging a halt, arguing the high collateral ratio itself acknowledges crypto's risk and that combined loan costs could be 1.5 percentage points higher, potentially burdening taxpayers. Despite criticism and Bitcoin's price volatility, Better's CEO Vishal Garg plans to expand support to tokenized equities (e.g., Tesla, SpaceX) and envisions using retirement accounts to help family members buy homes. A core challenge for tokenized assets is clarifying the legal rights conferred by holding such tokens. To reduce costs, Better partnered with Framework Ventures, aiming to lower capital expenses by over 100 basis points and offer sub-5% rates. While the company posted a loss in Q1 2025, it reports strong demand, with a waitlist representing ~$250M in potential loans. Garg remains committed to the model, viewing it as a key channel for integrating digital assets into the banking system.

marsbit08/04 08:36

When Crypto Assets Become Mortgage Collateral: The Triangular Dilemma of Regulation, Cost, and Tokenized Equity

marsbit08/04 08:36

RWA First Stock's Major Acquisition: Why Buy a 'Traditional' Mortgage Company?

On June 10th, Figure Technology Solutions (Nasdaq: FIGR), a blockchain-native capital markets firm, announced a $717 million acquisition of Kiavi, a leading non-bank lender for residential real estate investors. The deal involves Figure acquiring Kiavi's technology and operations for approximately $538 million, while forming a joint venture with alternative asset manager Sixth Street to purchase Kiavi's existing loan portfolio. Sixth Street also provided a $3 billion forward purchase commitment. This acquisition marks a strategic shift for Figure, known as the "RWA (Real World Asset) first stock," allowing it to expand significantly into the larger market of first-lien mortgages. Kiavi specializes in non-qualified mortgage (Non-QM) loans, such as short-term fix-and-flip (RTL) and rental property (DSCR) loans—a segment traditionally underserved by major banks. The move is expected to increase Figure's first-lien loan origination to over $7 billion annually, aiming for these to constitute about 40% of its business by 2027. Both companies leverage AI for underwriting: Kiavi uses proprietary models to value renovated properties and automate document processing, dominating the fix-and-flip lending space. Figure plans to integrate these assets onto its blockchain platform, Provenance, using its new 'Adaptor' product to standardize and tokenize the loans for institutional investors on its Democratized Prime marketplace. While the integration poses challenges—including merging different asset types, interest rate sensitivity of Kiavi's loans, and post-IPO execution risks—Figure projects the deal to be accretive to earnings with a cash payback period under four years. The transaction is seen as a major step in scaling blockchain-based capital markets, moving RWA tokenization from concept validation toward large-scale operation.

Foresight News06/12 02:05

RWA First Stock's Major Acquisition: Why Buy a 'Traditional' Mortgage Company?

Foresight News06/12 02:05

Coinbase–Better Deal Enables Mortgages Secured By Bitcoin And USDC

Better Mortgage, in partnership with Coinbase, is launching a U.S. home loan product that accepts Bitcoin and USDC as collateral, with a nationwide rollout planned for summer 2026. The first loan has already been issued to a couple in Michigan. A key distinction from earlier crypto-backed loans is the involvement of Fannie Mae, which provides a conforming guarantee, effectively treating digital assets as valid collateral. The product also differs by not subjecting the crypto collateral to liquidation if its value declines; the assets remain in custody for the loan's entire term. Better projects an initial loan volume of $250 million based on early sign-ups and plans to expand to other digital assets like tokenized stocks.

bitcoinist06/06 07:02

Coinbase–Better Deal Enables Mortgages Secured By Bitcoin And USDC

bitcoinist06/06 07:02

Fannie Mae To Accept Crypto, Bitcoin As Collateral For Mortgages In Coinbase Tie-Up

Fannie Mae, in partnership with Better Home & Finance and Coinbase, will now accept cryptocurrency as collateral for mortgage down payments. This new product allows prospective homebuyers to pledge digital assets like Bitcoin or USDC held in a Coinbase account to secure a loan for the down payment, without needing to sell their crypto. The mortgage itself remains a conventional Fannie Mae-backed loan, with terms and interest rates unaffected by Bitcoin's price volatility. The initiative aims to expand homeownership access for the estimated 52 million Americans who hold digital assets.

bitcoinist03/26 19:49

Fannie Mae To Accept Crypto, Bitcoin As Collateral For Mortgages In Coinbase Tie-Up