Better partners with Framework Ventures on $500 million Sky stablecoin credit plan amid mortgage tokenization push
Better is partnering with Framework Ventures to access up to $500 million in credit via the Sky stablecoin ecosystem.Summary
Better Home & Finance Holding Company announced a strategic partnership with Framework Ventures to integrate into the Sky stablecoin ecosystem, securing access to up to $500 million in credit as a designated "Star." Framework Ventures is also taking a $45 million stake in the Nasdaq-listed mortgage lender. Better plans to use this structure as an alternative warehouse funding source to diversify its capital base without increasing balance sheet risk, expecting the transition to tokenized capital to cut funding costs by over 100 basis points annually. CEO Vishal Garg stated these efficiency gains will result in lower interest rates for consumers, aiming to scale monthly loan originations from $500 million to over $1 billion by 2026. Better will maintain all responsibilities for loan underwriting and origination.
(Source：The Block)