Index Industries, a New York startup building tokenization and index infrastructure for U.S. housing, has raised a $50 million seed round led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures and Wintermute Ventures.
The company announced the round in a Nov. 10 release, which also cited other institutional investors without naming them. It did not disclose a valuation.
Index Industries' platform pairs a daily home price index with tokenization and real estate and capital markets services, aimed at supporting investment products built by third parties. The first is the USHP Index, a daily national benchmark that consolidates major housing indices, which the company said will launch imminently.
A related product, USHP, is a tokenized index product planned for Ethereum in 2026 and Solana in 2027. Index Industries is not its issuer. USHP Limited, a British Virgin Islands company, will issue it, and the offering is limited to eligible non-U.S. persons.
A separate Nov. 11 release from the USHP Foundation, the parent of USHP Limited, said Galaxy Sharplink Onchain Yield Fund and Forward Industries anchor institutional commitments of up to $100 million. The release describes that figure as a ceiling, not as capital raised or deployed.