Better.com Launches Crypto Mortgages for Investors

Better.com is set to introduce mortgage tokens, initially available exclusively to accredited investors, with aspirations to extend access to a wider consumer base. The company's CEO, Vishal Garg, expressed his vision for these tokens to eventually reach consumers.

This strategic pivot into cryptocurrency and tokenization positions Better.com as the latest financial firm to explore these emerging technologies, following precedents set by giants like BlackRock and Fidelity. The core objective is to streamline the mortgage process by eliminating intermediaries, thereby reducing costs.

Garg emphasized that by achieving significantly lower financing costs compared to competitors, Better.com intends to offer more affordable mortgages to consumers. This initiative involves a collaboration with Sky, a DeFi ecosystem focused on backing stablecoins with real-world assets such as mortgages.

Framework Ventures is a notable supporter of Sky, contributing substantial capital to its ecosystem. Vance Spencer, co-founder of Framework Ventures, highlighted the project's aim to bridge the cryptocurrency and public equities markets using stablecoins as a foundational element.