• Coinbase Global (NasdaqGS:COIN) has launched crypto-backed mortgages through a new partnership with Fannie Mae.
• The program allows qualified borrowers in the U.S. to pledge cryptocurrency held with Coinbase as collateral for mortgages backed by Fannie Mae.
• This is described as the first Fannie Mae backed mortgage program in the U.S. to formally incorporate crypto assets as collateral.

For Coinbase, best known as a crypto trading and custody platform, this move extends its reach further into everyday financial products. The launch comes as traditional finance continues to explore ways to link digital assets with established lending and payments systems. For investors watching NasdaqGS:COIN, the program highlights how the company is…