BlockBeats News, February 24 — Canadian venture capital firm Framework Ventures has reached an agreement to purchase 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 space and intends to issue token products backed by $500 million in mortgage and other loan assets.
Sources familiar with the matter revealed that this retail-oriented token may be named “Home Token.” The company stated that the initial tokens will be available only to accredited investors, with plans to gradually expand to a broader user base in the future. Vishal Garg, founder and CEO of Better.com, said that tokenization can reduce intermediary steps, thereby lowering financing costs and providing consumers with lower-interest mortgage products.
It is reported that Better.com is working with DeFi ecosystem Sky to advance the tokenization of mortgage assets. Sky uses real-world assets (RWA) to support stablecoins, with the current ecosystem capital approximately $18 billion. Framework Ventures is also one of Sky’s key supporters.
Better.com had planned to go public in 2021 with a valuation of $7.7 billion, but its actual IPO in 2023 saw its stock price plummet over 90% on the first day. The company’s current market value is about $450 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spark lending platform launches SPK token buyback program, has repurchased 1.84 million tokens
According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.
GateNews3h ago
Sky (SKY) Token Surges After Governance Vote Cuts Emissions and Expands USDS Stablecoin Credit Infrastructure
SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market.
Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum.
SKY, the governance token of the DeFi protocol
CryptoNewsFlash4h ago
Polkadot to Reset Tokenomics on March 12 With Major DOT Supply and Staking Changes
Polkadot will introduce a new monetary framework on March 12 that sets DOT’s supply cap at 2.1 billion and lowers emissions by 53.6%.
The overhaul will also create a Dynamic Allocation Pool and shorten the DOT unbonding period from 28 days to 24–48 hours.
On March 12, Polkadot will reset
CryptoNewsFlash18h ago
Multiple Perpetual DEX Projects Launch Airdrop Campaigns
Gate News bot message, several decentralized perpetual exchange projects have launched active airdrop campaigns. The projects are categorized into different tiers: S-tier includes Variational, edgeX, and Nado; A-tier comprises Ethereal, GRVT, Extended, Hibachi, and Liquid; B-tier features Pacifica,
GateNews03-06 12:00
VeChain Demonstrates Blockchain Benefits With 5.2M Wallets Earning Weekly Rewards
VeChain’s VeBetter DAO has verified 48 million actions on more than 50 apps, and 5.2M wallets can now earn B3TR every week.
VeChain’s B3TR guide details app rewards, Vote2Earn, and GM NFT incentives tied to verified onchain sustainability actions.
VeChain has presented fresh data from its Ve
CryptoNewsFlash03-06 10:25
Sky (SKY) Token Surges After Governance Vote Cuts Emissions and Expands USDS Stablecoin Credit Infrastructure
SKY rose 10% after the network cut staking emissions and continued buybacks, tightening supply across the market.
Sky expanded the USDS credit infrastructure as lower token issuance and steady buybacks supported bullish market momentum.
SKY, the governance token of the DeFi protocol
CryptoNewsFlash03-06 09:55
