Hassan Maishera
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.
