Better Mortgage Secures $500M Stablecoin Funding via Framework Ventures Partnership

Better Mortgage, a prominent player in the mortgage origination market, has formed a significant partnership with Framework Ventures, a leading crypto venture firm. The two companies have struck a deal that will allow Better to access up to $500 million in financing through the Sky stablecoin ecosystem.

The partnership represents a major step forward in bridging the gap between traditional home lending and decentralized finance (DeFi). By leveraging the Sky ecosystem, Better will be able to tap into a new source of capital, which could potentially lower mortgage rates for consumers in the long term. The deal also marks one of the first instances of real-world asset (RWA) tokenization at the loan-funding level.

The arrangement enables the flow of real-world home loans into a blockchain-linked structure, creating a new form of RWA tokenization without requiring the underlying mortgages to be minted as tokens or traded on-chain. This innovative approach could provide an additional funding source for Better Mortgage beyond traditional capital markets.