Launch of Home Equity Line of Credit Tokenization on Avalanche Blockchain

17.04.2024

“Homeowners can now borrow money against the future value of their homes,” – announced Homium, which has launched a Home Equity Line of Credit (HELOC) tokenization protocol on the Avalanche blockchain. This innovation allows investors to acquire tokenized assets that track the appreciation of a pool of home equity shares, starting in Colorado, USA.

According to analysts at Citi, the tokenization of real assets could become a ‘killer application’ for cryptocurrencies, with the expected volume of tokenization reaching $5 trillion by 2030.