Crypto VC Framework Ventures to help Better with $500M DeFi play
Framework reportedly struck a $45 million deal to buy 10% of Better and will help it launch a token on the crypto protocol Sky.
Crypto venture firm Framework Ventures has partnered with mortgage services company Better to help it launch a $500 million plan to integrate with the decentralized finance protocol Sky, formerly MakerDAO.
Better said on Monday that Framework would help it provide $500 million in credit to Sky’s stablecoin ecosystem, enabling it to launch tokens tied to mortgages that would generate yield.
Framework Ventures co-founder Vance Spencer said real-world assets are “one of the most important frontiers in decentralized finance, and government-backed conforming mortgages are one of the largest real-world asset classes in the world.”