Techub News: Cryptocurrency venture capital firm Framework Ventures has reached a strategic partnership with mortgage service company Better. The plan is to integrate with DeFi protocol Sky (formerly MakerDAO) to provide approximately $500 million in credit support to Better and issue mortgage-linked tokens to generate revenue; Framework also agreed to acquire a 10% stake in Better for about $45 million. The initial mortgage tokens will be available only to qualified investors, and Better plans to launch a product called "Home Token" for retail investors in the future, with the specific timeline yet to be disclosed.
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Techub News: Cryptocurrency venture capital firm Framework Ventures has reached a strategic partnership with mortgage service company Better. The plan is to integrate with DeFi protocol Sky (formerly MakerDAO) to provide approximately $500 million in credit support to Better and issue mortgage-linked tokens to generate revenue; Framework also agreed to acquire a 10% stake in Better for about $45 million. The initial mortgage tokens will be available only to qualified investors, and Better plans to launch a product called "Home Token" for retail investors in the future, with the specific timeline yet to be disclosed.