Homium offers homeowners a unique shared appreciation loan product with no monthly payments, securing home equity on title like debt so that it can be uniformly tokenized into a digital commodity for investors.
By combining smart contracts on a highly secured blockchain, intelligent valuation and origination protocols, and an open business ecosystem for traditional lenders and investors, homium has created a highly scalable machine which digitizes and stores the collective value of committed home equity.
This creates a stable source of value and returns in a digital token format that is nearly free to transfer, transparent to the note itself from the moment of inception, auditable in an instant, fungible and easy to underwrite, and interoperable with a new digital money supply.
The minting and retirement of tokens is managed by an independent, not-for-profit mutual benefit corporation or Trust with strict bylaws and a single mission to protect the integrity and security of the token and its eventual redemption.
If homium the business were to fail, the homium Trust would remain and continue to back every token in circulation.
ħ changes with the value of the homes secured by notes in the Trust's portfolio. These changes are marked to market monthly using publicly available home indices and finalized with the realized gains of matured notes. ħ sets the ratio of tokens-to-dollars whenever new tokens are minted, or when outstanding tokens are redeemed for cash.
The trust is bound by both immutable smart contracts and by its bylaws to buy and issue tokens at this rate, from token holders on the Homium platform, at market exchanges, and by funding new originations.
The trust conducts quarterly tender offers using all of it's qualified cash proceeds to buy back tokens at ħ from all token holders pro rata. In this way, ħ represents the NAV of the homium asset class, which functions similar to an ETF.
Homium is an open ecosystem that invites institutional investors, loan originators, and participating banks and fiduciaries to bridge home equity and the blockchain.
Our network partners and lending partners are ready to mint Homium for investors looking for exposure to home equity and the emerging digital asset ecosystem.
Homium will scale quickly as investors and lenders deploy capital toward this revolutionary new home finance product and asset class: digital home equity.
can tap their home equity without selling their home, incurring new payments, or exposing themselves to negative covenants or rising interest rates.
can offer a revolutionary new home equity product to their customers to help them refinance or purchase their dream home without additional monthly payments.
have the exclusive front seat to the minting of new homium tokens, as well as the redemption of tokens for cash when homium loans mature.
plug into the Homium ecosystem to provide digital asset custody, trading and exchange services and applications to bring this 21st century asset class to their clients.