Index Industries, a New York-based financial technology startup, has raised $50 million in seed funding to build financial infrastructure that gives investors new ways to access the US residential housing market.
The funding round was led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, Wintermute Ventures, and other institutional investors.
Founded in 2026, Index Industries is developing a platform that combines real estate data, financial market services, and blockchain-based tokenization. The company’s goal is to make exposure to US housing prices more accessible through investment products linked to residential property market performance.
Its first planned product, called USHP, is a liquid index product based on the company’s proprietary US Home Price Index. The product is expected to be issued by USHP Limited, a separate entity.
Building a US Home Price Index
Index Industries is developing a national US Home Price Index designed to track changes in residential property prices daily.
The index will combine data from major housing market indices into a single benchmark. It aims to help investors and financial institutions monitor housing market performance and develop new investment products linked to home prices.
The benchmark will also serve as the foundation for USHP, allowing investors to gain exposure to movements in US home prices without directly purchasing or managing properties.
USHP Product Planned for 2026
The company’s first investment product, USHP, is expected to launch on the Ethereum blockchain in 2026, with an expansion to Solana planned for 2027.
USHP will be issued by USHP Limited, a separate company structure, while Index Industries will manage the underlying index and provide technology infrastructure.
The product is designed to offer exposure to housing market performance rather than direct fractional ownership of individual homes.
Founders and Investors
Index Industries was co-founded by Josh Rosenthal and Brian Hardecker.
Rosenthal serves as CEO and previously worked as President and General Partner at Polychain Capital, a cryptocurrency investment firm.
Hardecker is the company’s co-founder and Chairman. He is also CEO of Longmark Group and previously worked at Blackstone. Longmark is a residential real estate platform established in 2021 with $2 billion in assets under management, according to the company.
The $50 million funding round brings together traditional venture capital and crypto-focused investors to support the development of financial products connected to the US housing market.
Index Industries plans to use its funding to develop its housing price benchmark and tokenization infrastructure. Its long-term goal is to create new ways for investors to access residential real estate market exposure through blockchain-based financial products.
