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Framework plans to invest $45 million to acquire a stake in Better.com, which intends to launch the "Home Token" mortgage token.

Framework plans to invest $45 million to acquire a stake in Better.com, which intends to launch the "Home Token" mortgage token.

BlockBeatsBlockBeats2026/02/24 00:25
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BlockBeats News, on February 24, Canadian venture capital firm Framework Ventures has reached an agreement to acquire approximately 10% of the publicly listed mortgage lender Better.com for about $45 million. This move comes as Better.com plans to enter the asset tokenization sector and intends to launch a token product backed by $500 million in mortgage and other loan assets.


According to sources, the retail-oriented token may be named "Home Token." The company stated that the initial tokens will only be available to qualified investors, with plans to gradually expand to a broader user base in the future. Better.com founder and CEO Vishal Garg said that tokenization can reduce intermediary steps, thereby lowering financing costs and providing consumers with lower-rate mortgage products.


It is reported that Better.com is collaborating with DeFi ecosystem Sky to bring mortgage assets on-chain. Sky uses real-world assets (RWA) to back stablecoins, and currently, the ecosystem's capital size is about $18 billion. Framework Ventures is also one of Sky's major supporters.


Better.com had planned to go public in 2021 at a valuation of $7.7 billion, but on its actual first day of trading in 2023, the stock price plummeted by more than 90%. The company's current market value is about $450 million.

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