Mentioned:
A publicly traded company wants to do something new: launch a token backed by mortgages.
What’s happening:
- Better Home & Finance (NASDAQ: BETR) has landed a $45M USD strategic investment from digital asset venture capital fund Framework Ventures
Why it matters:
- The new investment is part of Better Home & Finance’s plan to launch a token that is backed by mortgages and home equity loans
Going deeper:
- Better Home & Finance has also formed a strategic partnership with decentralized finance platform Sky in which Sky will provide $500M USD in credit funding to Better Home & Finance to deploy capital into mortgages and home equity loans
- Framework Ventures and Better Home & Finance have both publicly stated that their new token is planning to be a yield generating real world asset and generate cash flow for investors who own the token
The fine print:
- Better Home & Finance’s new token will initially only be available to institutional investors and there is no confirmed launch date for the general public
