Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche
Homium, a real-estate equity mortgage lender and securitization platform, has launched its first home equity loans on Avalanche. The loans are currently available in Colorado, with plans to expand to other states. Homeowners commit a portion of their home’s price appreciation to secure the loan, and investors receive a tokenized asset tracking the price appreciation of a pool of shared appreciation home loans issued on Homium. The aim is to free up trapped home equity and address housing affordability issues. Homium also offers an investable asset to institutional investors through digital securities backed by homeowner equity. The company recently raised $10 million in a Series A funding round led by Sorenson Impact Group and Blizzard, Avalanche’s ecosystem fund. Avalanche allocated $50 million to purchase tokenized assets created on its layer 1 in July last year.
