Crypto VC Framework Ventures to help Better with $500M DeFi play

CoinTelegraph

by Jesse Coghlan

February 24, 2026

AI-Generated Deep Dive Summary

Crypto venture firm Framework Ventures has inked a $45 million deal to acquire a 10% stake in Better, a mortgage services company, as part of a strategic partnership to launch a $500 million initiative on the Sky protocol. This collaboration aims to integrate real-world assets into decentralized finance (DeFi) by introducing tokens tied to mortgages that generate yield within Sky's stablecoin ecosystem. The partnership underscores the growing convergence of traditional finance and blockchain technology. By leveraging Better's expertise in mortgage services and Framework Ventures' crypto venture capital experience, the initiative seeks to unlock new opportunities in DeFi. The $500 million credit facility provided by Better will enable the creation of tokens that align with Sky’s protocol, formerly known as MakerDAO, which is focused on decentralized lending. This move highlights the potential of real-world assets, such as government-backed conforming mortgages, to serve as a significant asset class within DeFi. Framework Ventures co-founder Vance Spencer emphasized the importance of incorporating tangible, government-endorsed assets into the DeFi space, which could pave the way for greater institutional adoption and innovation. For readers interested in crypto and blockchain, this partnership represents a key step forward in bridging traditional finance with decentralized systems. It not only opens up new revenue streams through yield-generating tokens but also demonstrates how established financial institutions can participate in and benefit from DeFi's growth. This collaboration could set a precedent for similar integrations, potentially expanding the scope and accessibility of DeFi applications globally.

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Originally published on CoinTelegraph on 2/24/2026