PANews February 24 Report: According to Cointelegraph, cryptocurrency venture capital firm Framework Ventures is partnering with mortgage service company Better. They plan to integrate with DeFi protocol Sky (formerly MakerDAO) to provide approximately $500 million in credit support for its stablecoin ecosystem 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. Later, Better plans to launch a product called “Home Token” for retail investors, with the timeline yet to be disclosed. Better states that on-chain financing can reduce intermediary layers and financing costs, thereby offering consumers lower-interest mortgage loans.
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