Framework Ventures has announced a $45 million investment in Better.com, acquiring a 10% stake in the mortgage lender. This strategic move aligns with Better.com's plans to tokenize home mortgage loans, aiming to issue tokenized products backed by $500 million in mortgage and other loan assets. The initiative will initially target accredited investors with a retail-focused token, potentially named "Home Token."
Better.com, led by CEO Vishal Garg, is collaborating with the DeFi ecosystem Sky to facilitate the tokenization process. Sky, which supports its stablecoin with real-world assets, has a capital base of approximately $18 billion. The tokenization effort is expected to reduce intermediaries, lower financing costs, and offer consumers mortgage products with more competitive interest rates. Despite a challenging public listing in 2023, Better.com is moving forward with its innovative financial strategies.
Framework Ventures Invests $45 Million in Better.com for Tokenization Initiative
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