Vester Updates

The Vester closed beta is now live. A select group of users are actively testing the platform in real-world conditions, helping us stress test the multi-agent system and sharpen performance where it matters most.

We’ve also introduced a new feature that reveals the model’s internal reasoning. When a user submits a question, the system displays the chain of logic behind the response, showing which data sources were used, which agents contributed, and how conclusions were formed. It’s a step toward full transparency and builds trust in how the system thinks.

Our Discord community is now open to early testers, researchers, and anyone interested in following Vester’s progress. It’s the best place to offer feedback, suggest features, and track new releases as they happen. Reach out and we would be happy to send you an invite to our community.

Crypto’s biggest step since ETFs

A quiet policy move this week may mark one of the most significant inflection points in crypto’s journey toward mainstream financial integration.

The Federal Housing Finance Agency is evaluating a proposal that would allow U.S. homebuyers to post crypto assets as collateral when applying for conforming mortgages through Fannie Mae and Freddie Mac. This signals the first real step toward treating digital assets as eligible capital within the traditional credit system.

This is not about buying a house with Bitcoin. It’s about crypto becoming part of the balance sheet of the American homeowner. The system is beginning to evolve. Crypto is being repositioned, not as speculative capital, but as productive collateral capable of supporting credit formation.

How Crypto Enters the Credit System

The Mortgage Market Is the Front Door

Crypto is not entering finance through speculative platforms or edge-case products. It is entering through mortgages, the most established and regulated form of credit in the U.S.

Conforming loans backed by Fannie Mae and Freddie Mac are the foundation of American housing finance. If crypto is accepted as collateral here, it is no longer an external asset. It becomes part of how the system measures borrower strength, underwrites risk, and allocates capital.

This shift does not require crypto to be sold or liquidated. It allows it to be pledged, like restricted stock or brokerage holdings, without triggering taxes or sacrificing exposure.

Turning Balance Sheets into Leverage

Crypto is no longer just a volatile net worth figure. It becomes an input to credit creation, an appreciating asset that unlocks fixed-rate, long-duration liabilities without triggering taxable events or reducing exposure. In short, asymmetric upside and fixed fiat debt. The same playbook used by pensions and insurers now becomes available to individuals.

This shift also reflects a broader convergence. As crypto ownership climbs and home prices rise in parallel, the case for unlocking housing access through digital assets becomes more compelling. The chart below captures that trajectory.

Custody as Infrastructure

To be counted as mortgage collateral, crypto has to sit in regulated custodial accounts. That one requirement changes everything.

Custodians like Coinbase Prime, Anchorage, and BitGo aren’t just storage solutions anymore. They become on-ramps to credit. They’re where digital assets get verified, risk-adjusted, and plugged into traditional underwriting systems.

This shifts custody from a product decision to a system requirement. It’s not about UX or convenience. It’s about compliance, trust, and access.

APIs will connect wallets to lenders. Balance verification will happen in real time. Custodians will sit at the center of a new set of flows, linking crypto holdings to the credit rails of the economy.

From Digital Wealth to Productive Credit

If even a small fraction of crypto’s total market cap is pledged as collateral, it could unlock massive credit formation without liquidation:

• 1 percent pledged equals $13B

• 5 percent pledged equals $65B

• 10 percent pledged equals $130B+

This isn’t new capital entering the system. It’s existing capital being reclassified and made usable within traditional credit structures.

Stable Coins Become Functional Reserves

If stable coins like USDC are included, their role expands from transactional rails to institutional-grade reserves.

They move beyond trading pairs and yield farming to become components of real financial infrastructure. Mortgage escrows could be denominated in stablecoins. Monthly payments could settle on-chain. Entire mortgage instruments could be programmed from origination to payoff.

It’s not just about speed or efficiency. It’s about trust, audibility, and integration.

Stable coins have long claimed to be the bridge between crypto and traditional finance.

Now they have the chance to make that reality.

System Integration Begins

Once assets like crypto and stablecoins are recognized within mortgage markets, a broader shift begins. What starts as an isolated policy proposal becomes a catalyst for layered adoption across the credit system.

The downstream effects are already predictable:

• Custodial lenders roll out crypto-backed mortgage products
• Fintechs integrate wallet-based approval flows
• Banks adapt underwriting models for crypto-heavy borrowers
• MBS desks begin modeling crypto-linked borrower cohorts
• Tokenized mortgage-backed securities quietly emerge

This isn’t speculative. The infrastructure exists. The system is already adapting.

From Speculation to Utility

This moment is part of a broader pattern.

First, ETFs brought crypto into the investment layer.
Now, mortgage finance introduces it into the credit layer.
Next comes insurance, payroll, and enterprise accounting.

This isn’t a revolution. It’s absorption, quiet, systemic, irreversible.

Fintechs will lead with flexible infrastructure. Banks will follow once risk performance is proven. Secondary markets will evolve to support crypto-linked structures. Custody, compliance, and securitization frameworks will update in real time.

Where Vester Fits

This kind of shift is exactly what Vester was built for.

As digital assets move from speculation to real-world function, the questions investors ask become more complex and more consequential. Which assets qualify as collateral. What is the tax impact of pledging instead of selling. How does wallet composition affect borrowing power.

Vester helps answer these questions in real time. From analyzing on-chain portfolios to surfacing credit-linked strategies, we are building the intelligence layer that makes crypto legible and usable across the evolving financial system.