Coinbase confirms first Fannie Mae Bitcoin mortgage closed

A Michigan couple has closed on the first conventional home mortgage backed by Fannie Mae using Bitcoin as collateral. Coinbase announced the milestone on June 4.

Coinbase said the transaction marks the first time a borrower pledged Bitcoin to secure a Fannie Mae-backed loan. The couple completed the closing recently, according to the company's statement. The mortgage structure was first announced by Coinbase and Better Home & Finance in March. It comes as U.S. regulatory agencies have adopted more cryptocurrency-friendly policies under the current administration. The deal allows homeowners to use Bitcoin holdings without selling the asset outright. Coinbase described it as a conventional mortgage product rather than a specialized crypto loan.

संबंधित लेख

Coinbase introduced a new platform on Wednesday that connects artificial intelligence assistants to user accounts for automated crypto trading and payments.

AI द्वारा रिपोर्ट किया गया

Hut 8, a bitcoin mining and AI compute firm, has replaced its Coinbase Credit facility with a cheaper $200 million bitcoin-backed deal from FalconX. The refinancing lowers the interest rate to 7% from 9% and frees up 3,300 BTC worth about $260 million. The move boosts liquidity as the company expands into AI infrastructure.

Blockchain lending protocol Morpho has raised $175 million in a funding round co-led by Paradigm, a16z Crypto and Ribbit Capital. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay. The capital will support development of institutional lending infrastructure on blockchain.

यह वेबसाइट कुकीज़ का उपयोग करती है

हम अपनी साइट को बेहतर बनाने के लिए विश्लेषण के लिए कुकीज़ का उपयोग करते हैं। अधिक जानकारी के लिए हमारी गोपनीयता नीति पढ़ें।
अस्वीकार करें