Index Industries Completes $50 Million Seed Round, Led by Lightspeed

November 11 - Real estate tokenization company Index Industries has completed a $50 million seed round of financing, led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, Wintermute Ventures, and others. The company was co-founded by Josh Rosenthal, former President and General Partner of Polychain Capital, and Brian Hardecker, founder of Longmark who previously worked at Blackstone, serving as Chief Executive Officer and Chairman, respectively.

Index Industries will launch the US Housing Price Index (USHP Index), which aggregates data from major housing indices daily to measure U.S. home prices. The first investment product linked to this index, USHP, is planned to be issued by USHP Limited, registered in the British Virgin Islands, and is scheduled to launch on Ethereum in 2026 and expand to Solana in 2027.