Homium Raises $10M Series A and Tokenizes First Home Equity Loans on Avalanche Blockchain
Summary
Also advising Homium is ATLAS SP Partners, which launched in early February 2023 following Apollo Globals acquisition of Credit Suisses Securitized Products Group.The technical advancements behind Homium are compelling, and we eagerly anticipate witnessing its integration into the residential securitization market, said Jay Kim, CEO of ATLAS SP Partners.Homiums blockchain-native format and transparent terms make its home equity offering unique as a product for both homeowners and investors. It provides a materially lower monthly payment, which keeps more money in the borrowers pockets, improves their financial position and promotes sustainable home ownership.Shared equity investments like Homium are a way for institutional investors to effectively partner with families and local governments to bolster homeownership and middle-class wealth creation, while reducing housing inequity and displacement. We are empowering people to easily and freely digitize all the worlds assets on one open, programmable blockchain platform.Ava Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. We believe our impact approach will drive both long-term value creation for our investors and positive outcomes in our communities.ATLAS SP Partners is a global investment firm providing tailored solutions, industry expertise and execution certainty on asset-backed financing and capital markets activities that fuel business innovation and growth. ATLAS SP Partners offers a suite of flexible solutions across asset-backed warehouse financing, forward flow and asset purchase, and capital markets and distribution services.