Homium launches tokenized mortgage loans on Avalanche

Homium launches tokenized mortgage loans on Avalanche
фото показано с : invezz.com

2024-4-17 19:26

Homium, a pioneering real estate equity mortgage lender and securitization platform, has introduced tokenized mortgage loans leveraging the power of Avalanche blockchain technology.

The launch of the tokenized mortgage loans comes right on the heels of Homium’s Series A funding round that raised $10 million, with Sorenson Impact Group and Blizzard leading the round.

The rise of the tokenized asset market

The emergence of tokenized assets represents a paradigm shift in the financial landscape, with forecasts projecting exponential growth in the coming decade.

As traditional financial institutions embrace blockchain technology, the convergence between cryptocurrencies and traditional asset classes gains momentum.

Analysts predict that the market for tokenized assets, including real estate, could soar to staggering heights, ranging from $3.5 trillion to $10 trillion by 2030.

This seismic shift in the financial sector underscores the transformative potential of tokenization.

By digitizing real-world assets and streamlining processes, blockchain technology enhances efficiency, reduces costs, and fosters greater accessibility.

As institutions and investors increasingly integrate cryptocurrencies into their portfolios, the stage is set for a new era of financial innovation and inclusion.

Homium’s mortgage loans on Avalanche

Homium’s foray into the world of tokenized mortgage loans revolutionizes the traditional mortgage lending process by tokenizing home purchase loans on Avalanche blockchain.

The cutting-edge approach involves the creation of digital representations of physical assets, enabling efficient and secure transactions on a decentralized platform.

With a vision to democratize access to home ownership, Homium’s tokenized mortgage loans provide homeowners and investors alike with unprecedented opportunities.

Homeowners committing a portion of their property’s appreciation secure these loans, while investors funding the loans receive tokenized assets tracking the appreciation of a pool of shared home purchase mortgages issued by Homium. This will unlock trapped equity in homes and address housing accessibility challenges.

In addition to allowing homeowners to secure tokenised loans, Homium also offers institutional investors an investable asset through digital securities backed by homeowners’ equity.

Tommy Mercein, CEO of Homium, emphasizes the creation of a new asset class for institutional investors, providing uncorrelated and inflation-protected yield in their portfolios.

Currently, Homium’s tokenized loans are operational in Colorado, with plans for expansion to other states.

Why did Homium choose Avalanche?

Avalanche plays a pivotal role in driving innovation and scalability. With its high-performance infrastructure and robust ecosystem, Avalanche provides the ideal foundation for tokenization projects across various industries.

Through strategic partnerships and allocations, Avalanche demonstrates its commitment to fostering the growth of tokenized assets and advancing the broader blockchain ecosystem.

Looking ahead, Homium has plans to expand beyond Colorado signaling a promising trajectory for the tokenized mortgage market. As the company continues to scale its operations and explore new opportunities, the impact of its innovative approach is poised to reverberate throughout the real estate industry.

With Avalanche’s support and the growing demand for decentralized finance solutions, Homium stands at the forefront of a transformative movement in real estate financing.

The post Homium launches tokenized mortgage loans on Avalanche appeared first on Invezz

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