Better Mortgage and Coinbase announced on Aug. 26 that Better’s token-backed conforming mortgage had reached general availability. Better’s product page says interested borrowers can start an application.

The structure does not use Bitcoin to secure the primary mortgage. Instead, a homebuyer takes two loans from Better: a standard first mortgage on the home designed to conform to Fannie Mae guidelines, and a separate loan that supplies the cash down payment. The second loan is secured by pledged Bitcoin and a second lien on the property.