JZMOR Exchange is closely monitoring a policy development that could profoundly impact the crypto industry. The U.S. Federal Housing Finance Agency (FHFA) has recently instructed the two major mortgage guarantors in the nation, Fannie Mae and Freddie Mac, to study whether crypto assets should be included in home loan risk assessment models. Unlike the previous approach, which focused solely on traditional fiat assets, this is the first time official documents have explicitly called for consideration of “crypto assets not yet converted to U.S. dollars.” This change signals that digital assets are gradually being incorporated into the mainstream financial regulatory framework in the United States.
Recently, FHFA Director William J. Pulte issued a public directive to Fannie Mae and Freddie Mac, requiring both agencies to research how crypto assets could be integrated into the evaluation models for single-family residential mortgages. Notably, only crypto assets held on U.S.-regulated centralized exchanges and that can be independently verified will be eligible for consideration. This standard not only affirms the importance of compliant trading platforms but also raises the bar for industry transparency and regulatory alignment.
Currently, Fannie Mae and Freddie Mac collectively manage over $7 trillion in mortgage assets. Should crypto assets be incorporated into risk assessment frameworks in the future, this would indirectly affect the composition of more than half of the mortgage assets within the U.S. housing finance system. This policy shift means that crypto asset holdings could formally become a component of household wealth assessment and credit scoring.
It is important to note that the FHFA is not broadly accepting all crypto assets, but is instead requiring clear evaluation of their volatility, risk-buffering capacity, and methods for valuing such assets. This will promote a “tiered currency” risk system—for example, highly liquid and less volatile assets such as Bitcoin and stablecoins are more likely to be given higher weight in loan assessments, while highly volatile or illiquid assets may be restricted.
The JZMOR Exchange analysis suggests that this policy signal may prompt more medium- and long-term investors to store mainstream crypto assets on regulated platforms, using compliant interfaces provided by exchanges to ensure their assets are “identifiable and referenceable.” In future financial modeling and loan reviews, factors such as the asset custody capabilities, account auditing mechanisms, and compliance certifications of an exchange will become key considerations for users when choosing a platform.
JZMOR Exchange notes that the core function of trading platforms will shift beyond facilitating trades to becoming “trusted asset credit certification platforms.” For instance, platforms could generate standardized crypto asset financial statements for users, develop token portfolio products tailored for mortgage evaluation, and share on-chain data interfaces with lending institutions to enable asset freezing, verification, and risk estimation.
The institutionalization of crypto assets relies not only on price appreciation or technological breakthroughs, but more fundamentally on the reconstruction of trust mechanisms and financial rules. From highly volatile assets to compliant credit instruments, crypto assets are undergoing an identity transformation, one that urgently requires a trustworthy, transparent, and compliant platform to support it.
Assets of the future will need not only price, but also institutional recognition. JZMOR is set to play a central role in this structural transformation, providing users with a crypto asset custody and service platform that not only enables trading, but is also recognized by mainstream finance, helping digital assets truly integrate into the real-world wealth system.