Better, Framework Ventures reach $500M stablecoin mortgage financing deal
The deal channels crypto liquidity into US home loans, testing whether blockchain-based capital can fund traditional mortgage markets at scale.
Mortgage lender Better has partnered with crypto venture firm Framework Ventures to secure up to $500 million in financing through the Sky stablecoin ecosystem, in a deal that connects traditional home lending with decentralized finance infrastructure.
Better, which originates mortgages for homebuyers, will access the credit through Sky, a blockchain-based system with roots in MakerDAO, the companies announced Tuesday. Within the ecosystem, Better will operate as a designated capital recipient, referred to as a “Star.”
The arrangement aims to channel real-world mortgage activity into decentralized finance (DeFi) via stablecoins. Better will continue to handle underwriting and loan origination.