Better Home and Finance Unveils Token-Backed Mortgage; CEO Adds 2,217 Shares
Better Home and Finance launched the first token-backed conforming mortgage with Coinbase, marking its entry into blockchain-enabled home loans. CEO Vishal Garg acquired 2,217 Class A shares at $29.90 each—boosting his stake to 54,877—and added housing finance veteran Hugh Frater to the board to bolster strategic growth.
1. Launch of Token-Backed Mortgage
Better Home and Finance partnered with Coinbase to roll out the first token-backed, conforming mortgage product, leveraging blockchain to streamline loan issuance and settlement on a digital platform compliant with existing mortgage standards.
2. CEO Share Purchase and Stake Increase
On March 25, 2026, CEO Vishal Garg purchased 2,217 Class A shares at approximately $29.90 each, raising his ownership to 54,877 shares and signaling executive confidence in the company’s autonomous, agent-driven growth strategy.
3. Board Appointment of Hugh Frater
The company appointed housing finance expert Hugh Frater to its board of directors, tapping his extensive capital markets and mortgage finance experience to support scaling of its Tinman AI mortgage platform and strategic partnerships.
4. Growth Targets and Financial Metrics
Better Home and Finance aims for $1 billion in monthly loan originations and EBITDA breakeven by 2026; current metrics include a –2.97 P/E ratio, 2.63 P/S ratio, 16.55 debt-to-equity and 0.58 current ratio, reflecting growth ambitions amid liquidity challenges.