Avalanche's home equity line of credit (HELOC) project Homium has raised $10M in a Series A investment. The series A was led by Sorenson Impact Group and Blizzard.
This platform enables homeowners to borrow against their house's future value without raising their monthly payments by using a portion of their future property appreciation as loan collateral. In exchange, investors receive a tokenized stake in the home's appreciation.
The protocol promises a new asset class for institutional investors that is inflation-proof and uncorrelated with market movements. Beginning in Colorado, Homium's loans provide investors with second mortgages, ensuring security and compliance with US SEC laws.
Homium's technology provides real-time insights into each loan, enabling fast securitization and state-by-state house price appreciation exposure.
Avalanche has already invested $50M in on-chain tokenization efforts, positioning the thriving tokenization sector as crypto's next big thing, according to Citi.
