The Providence, Rhode Island-based digital mortgage lender Beeline Holdings Inc. (NASDAQ: BLNE) announced that its subsidiary Beeline Loans Inc. completed the first round of blockchain-recorded BeelineEquity transactions, making it the first US platform to tokenize residential home equity at scale.
According to the company, BeelineEquity closed five blockchain-tracked equity transactions, with five more scheduled this month and an additional 25 pre-selected to close before the end of the year. The company stated that BeelineEquity enables homeowners to unlock liquidity from their home equity without taking on debt, monthly payments, or credit underwriting. Repayment occurs when the property is sold or transferred, and each transaction is securely recorded on blockchain.
“Homeowners shouldn’t have to borrow against themselves just to access the value they’ve already built,” said Nick Liuzza, co-founder and CEO of Beeline. “By putting home equity on blockchain rails, we’re creating a smarter, more transparent financial alternative — one that’s free from interest rate swings and credit friction.”
