Real estate tokenization startup Index Industries raises $50M in seed round

Real estate tokenization startup Index Industries has raised $50 million in a recent seed round led by Lightspeed, with participation from Polychain, Galaxy Ventures and Wintermute Ventures, The Block reported. Index Industries is developing the underlying technology for USHP, a tokenized product designed to track U.S. home prices. Ahead of its launch, USHP has secured investment commitments of up to $100 million from institutional investors and is scheduled to launch on Ethereum in the fourth quarter of this year.