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Framework Ventures Backs Better's $500M DeFi Mortgage Plan
Crypto News
Crypto venture firm Framework Ventures has entered a strategic partnership with Nasdaq-listed mortgage company Better (BETR) to help it deploy $500 million in credit through the decentralized finance protocol Sky, formerly known as MakerDAO. Better announced the arrangement on Monday, describing it as a plan to provide credit to Sky's stablecoin ecosystem through tokens tied to mortgage assets that would generate yield.
Framework Ventures co-founder Vance Spencer described government-backed conforming mortgages as one of the largest real-world asset classes globally, and said real-world assets represent one of the most important frontiers in #DeFi.
The plan comes as interest in asset tokenization grows across traditional finance, with firms like BlackRock exploring tokenization for money market funds.
