Home lending is now officially happening on the blockchain.

‍What’s happening:‍

• Crypto startup Homium has raised $10M USD in a new Series A financing round
  
• The round included participation from Sorenson Impact Group and Blizzard, which is the ecosystem fund of Avalanche
  

The big idea:‍

• Homium has built digital asset technology that allows residential real estate lending to happen on the blockchain
  
• Lenders are able to secure their ownership of a property on Homium’s platform and also participate in the future price appreciation of the real estate
  
• Once loans have been funded, Homium issues a token that tracks the price appreciation of a shared pool of real estate loans
  
• The aim is to unlock value that homeowners have trapped in their personal residence and decentralize lending capabilities to the larger crypto community
  

Going deeper:‍

• Homium has officially launched real estate lending in the state of Colorado and plans to launch in multiple other states in the near future
  
• Homium is building on top of popular decentralized finance layer one blockchain Avalanche
  

The intrigue:‍

• Homium also has publicly announced their plans to offer institutional investors access to lending pools secured by residential homes

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