Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche

In Colorado at present, Homeium loans are operational. The intention is to broaden their reach to additional states in the future. When obtaining these loans, homeowners agree to set aside a portion of their property’s price increase. For those providing financing for the loan (investors), they obtain a digital asset representing the collective price appreciation of a group of shared appreciation mortgages on Homium.

The goal is to assist in releasing tied-up home equity and dealing with housing affordability challenges in diverse situations, as stated in the press release. Additionally, Homium provides institutional investors with an investment opportunity through digital securities, which are backed by homeowner equity.

“Tommy Mercein, Homium’s CEO, stated that his company is creating a fresh investment opportunity for institutional investors, offering them an uncorrelated and inflation-resistant source of returns to strengthen their primary portfolios,” is one way to paraphrase this statement.

In a Series A investment round headed by Sorenson Impact Group and Blizzard, the company successfully secured $10 million in funding from these prominent backers, being part of the Avalanche ecosystem.

Last summer, Avalanche set aside $50 million to acquire digital representations of various assets, which were developed on their primary platform. These tokenized assets encompassed categories such as stocks, bonds, real estate, and commodities.