Crypto VC Framework Ventures to take $45 million stake in Better.com as mortgage issuer plans to launch ’Home Token’

Fortune

by Ben Weiss

February 23, 2026

AI-Generated Deep Dive Summary

Better.com, a digital-first mortgage issuer, has announced a strategic partnership with Framework Ventures, a crypto-focused venture capital firm. Under the deal, Framework Ventures will acquire a 10% stake in Better.com, valued at approximately $45 million. This collaboration comes as Better.com prepares to launch its 'Home Token,' a tokenized asset backed by $500 million worth of mortgages and loans. Initially available to accredited investors, the tokens aim to provide yield and streamline access to mortgage financing through blockchain technology. Better.com's move into tokenization reflects its broader push into decentralized finance (DeFi). By digitizing real-world assets like mortgages on a blockchain platform, the company seeks to reduce intermediaries and lower costs for consumers. This approach aligns with growing industry trends, as financial giants like BlackRock and Fidelity are also exploring similar initiatives. The partnership with Framework Ventures, which is a major backer of Sky, a DeFi ecosystem leveraging real-world assets, underscores Better.com's commitment to integrating crypto into its operations. Vishal Garg, founder and CEO of Better.com, emphasized the potential for tokenization to revolutionize the mortgage market. By removing intermediaries, Better.com aims to offer consumers cheaper financing options. The company is currently developing a DeFi ecosystem with Sky, which uses real-world assets like mortgages to back stablecoins. This integration not only enhances liquidity but also bridges traditional finance and crypto markets. The strategic alliance with Framework Ventures highlights the growing convergence of traditional finance and cryptocurrency. By tapping into the $18 billion capitalization of Sky's ecosystem, Better.com is positioned to expand its reach in the DeFi space. The 'Home Token' initiative marks a significant step toward democratizing access to mortgage financing while reducing costs for consumers. This partnership underscores the transformative potential of tokenization in financial services. By leveraging blockchain technology, companies like Better.com can create more efficient and inclusive financial systems. As the market evolves, such innovations are expected to drive further adoption of DeFi across traditional industries, reshaping how real-world assets are accessed and traded globally.

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Originally published on Fortune on 2/23/2026