Avalanche-Based Homium Raises $10M to Tokenise Home Equity Loans, Eyes US-Wide Expansion

3D concept of a futuristic real estate market
  • Real estate venture Homium has raised millions to create a new tokenised product leveraging the Avalanche blockchain.
  • Homium allows customers to draw equity from their properties and trade them like any other asset, giving both investors and homeowners something to look forward to.
  • Avalanche was selected as the network for this purpose due to its fast transaction speeds and low costs.

Tokenisation has taken the wheel over the past couple weeks, with Chainlink and BlackRock making significant strides in this area. Turning real-world assets into valuable digital assets that can be traded online is seen as a potential catalyst for widespread adoption. And popular DeFi ecosystem Avalanche is vying to be a part of the revolution, with the blockchain partnering with startup Homium to help solve the housing affordability crisis.

Related: Solana’s Latest Mainnet Upgrade Targets Persistent Network Congestion

Trading Houses on the Blockchain: How Does it Work?

We don’t need another exemplar of the housing affordability crisis – everyone and their dog knows that owning a property is expensive. Homium wants to address the issue in a unique way (admittedly one that only really helps existing homeowners). Their latest product, created in conjunction with the Avalanche network, lets homeowners access equity from their property in the form of a tokenised security. So, for the first time, equity is now a liquid, appreciative asset – making it much more valuable to investors.

The CEO of Homium touched upon the product’s potential:


Homium is building a valuable new asset class for institutional investors, providing a new source of uncorrelated, inflation-protected return in their core portfolios…For the first time, institutions can invest side-by-side with homeowners.

Tommy Mercein, CEO of Homium

So far, the loans are only available to Colorado residents, but the offering will no doubt expand across the US if the launch is successful.  

Despite Avalanche receiving a swell of compliments from industry players thanks to its lightning-fast settlement times and low fees – making it a great platform for tokenisation – the news did little to halt AVAX’s freefall. Avalanche’s native coin is down over 26% in the past week, mirroring the broader downturn across altcoins.

Avalanche (AVAX), 7-day graph, source: CoinMarketCap

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Ben Knight

Ben Knight

Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.

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