Homium, Inc., a home equity mortgage lender and securitization platform, has launched its tokenized home equity loans on Avalanche. Homium’s shared appreciation home equity loans provide homeowners with a novel way to borrow against their home equity without increasing their monthly debt burden. Homium’s launch of home equity loans on Avalanche reflects the continued strong growth of the asset tokenization space and on-chain finance (OnFi) within the Avalanche ecosystem.

Over the past year and a half, the blockchain industry has seen a resurgence in focus on asset tokenization. Avalanche has stood out as the ideal chain for Homium’s unique needs, offering sub-second transaction finality, low transaction fees, security, and impressive consistency.

Homium’s blockchain-native format and transparent terms make its home equity offering unique as a product for both homeowners and investors. Using Homium, homeowners may commit a portion of their home’s price appreciation instead of paying interest or monthly payments, unlocking equity for home improvements, debt consolidation, or inheritance. On the investor side, Homium introduces a new investable asset to institutional investors through its partnership with Securitize. Investors receive a tokenized asset tracking the price appreciation of a pool of shared appreciation home loans issued in real-time on the Homium platform. 

Shared equity investments allow institutional investors to effectively partner with families and local governments to bolster homeownership and middle-class wealth creation while reducing housing inequity and displacement. By leveraging blockchain and transparent terms, Homium introduces a new financial product to free up historically trapped home equity and address housing affordability issues.

“Avalanche is the ideal platform to support the launch of Homium’s home equity loans,” said Morgan Krupetsky, Senior Director of BD Institutions and Capital Markets at Ava Labs. “The collaboration with Homium speaks to real-world use cases for asset tokenization and the associated potential for on-chain finance.”

“Homium is building a valuable new asset class for institutional investors, providing a new source of uncorrelated, inflation-protected return in their core portfolios,” said Tommy Mercein, CEO of Homium. "For the first time, institutions can invest side-by-side with homeowners, doing well and while doing good.”

To further develop the platform and scale its lending business, Homium raised $10 million in a Series A funding round led by the Sorenson Impact Group and Blizzard, the Avalanche Ecosystem Fund.

Homium’s platform simplifies and automates lending through reliable data integration, intelligent valuation, and auditable origination protocols in an open business ecosystem for participating mortgage originators. The first loans are now available in Colorado.

For more, visit Homium.io. 

‍

About Homium

Homium Inc. helps homeowners and investors achieve their home financing goals by using patented technology to monetize and securitize owner-occupied home equity at scale. Homium leverages capital markets to unlock home equity through a fair and transparent product that puts homeowners’ interests first. Homium enables individual homeowners to “sell” a slice of their primary residence, by taking out an on-title second mortgage in the form of a shared appreciation mortgage loan, which Homium then pools with other loans in an investment vehicle to offer a tokenized security to investors. For the first time, investors are able to gain exposure to home price appreciation at scale, in a uniform and tradable format. Homium loans are currently available in Colorado. For more information about Homium, visit https://Homium.io/.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube

‍