According to CoinMeta, Coinbase and the digital mortgage lending company Better Mortgage have announced the full opening of token-backed mortgage services (token-backed conforming mortgage) to Coinbase One members, allowing eligible borrowers to use crypto assets as collateral to participate in the home purchasing process. This product will be available to Coinbase One members starting from August 12th. The two parties first announced their cooperation plan in March of this year, and the first mortgage loan under this arrangement was designed in accordance with the Fannie Mae standard compliance mortgage framework. Coinbase One members who qualify for Better mortgage products can receive a loan discount equivalent to 1% of the loan amount, with a maximum of $10,000. This discount can be used to offset mortgage transaction fees and is applicable to conventional mortgages, home equity lines of credit (HELOC), as well as refinancing products.