Better, Framework Ventures ink $500M stablecoin mortgage deal
Better, Framework Ventures agree to up to $500 million in stablecoin-backed mortgage funding
Mortgage lender Better has partnered with crypto investment firm Framework Ventures to obtain as much as $500 million in financing via the Sky stablecoin ecosystem, in a move that links traditional home lending to decentralized finance infrastructure.
Better will access the credit through Sky, a blockchain-based platform with origins in MakerDAO, the companies said Tuesday. Within the ecosystem, Better will serve as a designated capital recipient, referred to as a “Star.”
The structure is intended to channel stablecoin-sourced liquidity into real-world mortgage originations while Better continues to manage underwriting and loan issuance. If effective, it could diversify funding sources beyond conventional capital markets, although such connections between regulated mortgage businesses and blockchain systems are still nascent. Framework Ventures co-founder Vance Spencer said the additional capital is expected to help Better scale originations rapidly and, over time, may support lower mortgage rates for consumers.
Tokenization expands into mortgage funding
By linking mortgage lending to a blockchain-based capital pool, the arrangement introduces tokenization at the loan-funding level. Sky uses crypto-native collateral to issue stablecoins, and capital raised through that mechanism will be directed to Better’s mortgage originations, effectively tying real-world home loans to a blockchain-connected liquidity base.
The funding is generated within a blockchain framework but deployed into traditional mortgages, representing a form of real-world asset (RWA) tokenization even though the underlying loans are not minted as tokens or traded on-chain. Better founder and CEO Vishal Garg said the company expects to be the first conforming mortgage originator to use tokenized capital to support mortgage assets at institutional scale.
The announcement comes as housing finance institutions assess how digital assets fit within existing processes. Pennsylvania-based lender Newrez recently said it plans to consider certain cryptocurrency holdings in mortgage underwriting. In the prior year, the Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to develop proposals for recognizing digital assets in loan applications, signaling increased regulatory engagement. Government-backed conforming mortgages total more than $12 trillion in the United States. In most US counties, the conforming loan limit for a single-family home in 2026 is $832,750, an increase of $26,250 from 2025 levels, according to Experian.
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