Crypto-Rich but House-Hunting? Coinbase and Better Unveil Token-Backed Mortgage
Coinbase and Better launch a token-backed mortgage letting crypto holders buy homes without selling their assets.
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These first-of-its-kind mortgages will be originated and serviced by Better, powered by Coinbase, and designed in accordance with guidelines from Fannie Mae, making the first lien a standard, conforming mortgage.As part
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Coinbase and Better launch a token-backed mortgage letting crypto holders buy homes without selling their assets.
Read original at benzingaVishal Garg, founder and former CEO of Better.com, filed a court opposition against the company's request for injunctive relief to halt his shareholder consent solicitation. Garg argues the Board's actions are contradictory, noting the company's own filings describe him as 'critical to operations' and shareholders re-elected him with 99.53% support in June, yet the Board terminated him in August and later offered him a $15M+ package. Better's stock fell 41.6% the day after his removal and declined nearly 60% by August 21. Garg is seeking to remove five Board members and return the company to profitability.
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Read original at benzinga