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Homium Issues Tokenized Home Equity Loans on Avalanche

Twitter icon  •  Published 2 years ago on April 17, 2024  •  Hassan Maishera

Homium, Inc., a home equity mortgage lender and securitization platform, has launched its tokenized home equity loans on Avalanche.

Homium Issues Tokenized Home Equity Loans on Avalanche

The Avalanche Foundation announced via X on Tuesday that Homium, Inc., a home equity mortgage lender and securitization platform, has launched its tokenized home equity loans on Avalanche. 

The company’s shared appreciation home equity loans provide homeowners with a novel way to borrow against their home equity without increasing their monthly debt burden. 

With Homium’s platform, homeowners may commit a portion of their home’s price appreciation instead of paying interest or monthly payments. By leveraging Avalanche’s technology and partnering with Securitize, Homium introduces a new financial product to free up historically trapped home equity and address housing affordability issues, the Avalanche Foundation added. 

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up by 2% so far today and currently trades at $35.12 per coin.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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