A first-of-its-kind liquid index tracking the U.S. housing market. Issued by USHP Ltd., a USHP Foundation subsidiary. Not available in the US or to US Persons.
Joined April 2026
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The U.S. housing market finally has a ticker.
USHP is a first-of-its-kind liquid, investable index product designed to track U.S. home-price movements.
@FWDind is allocating to the institutional pre-launch of USHP, joining @galaxyhq for a total of up to $100M in commitments.
What SPY did for access to the S&P 500, USHP is designed to do for U.S. home prices.
USHP Official retweeted
Great speaking about @FWDind and the broader DAT landscape at the Cantor Convergence conference. Thank you @NFrankovitz for moderating and to my fellow panelists @sheffieldreport @RaphaZagury for the conversation.
Forward is becoming the Berkshire Hathaway of Solana with several new investments in @USHP_Official and @GromaCorp bringing high quality tokenized real estate to Solana. Our all weather SOL++ strategy will allow us to outperform SOL regardless of market conditions while simultaneously pushing the SOL ecosystem forward.
In 1993, a new product called SPY changed how the world invests.
SPY turned the entire S&P 500 into something an investor could buy in a single trade. The accessibility that SPY offered to such a large and complex asset class was novel.
That level of access is coming soon to U.S. housing.
USHP is a first-of-its-kind liquid index product designed to track U.S. home-price movements through the USHP Index.
What SPY did for access to the S&P 500, USHP is designed to do for U.S. home prices.
The U.S. housing market finally has a ticker.
ushpindex.com
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USHP Official retweeted
One of the largest asset classes in the US doesn’t have a liquid index.
@Index_inds’ tech is powering a new investable index product for the US housing market. Co-founder and CEO @JReedRosenthal joined Lightspeed Partner @jmover on The Investment Memo to expand on what they’re building.
Index Industries’ first offering will be the U.S. Home Price Index (USHP Index), a proprietary benchmark for U.S. home prices. Calculated daily, it integrates data from the major housing indices into a single national measure, and will serve as a reference for the USHP token, which is issued by USHP Limited. USHP is a first-of-its-kind liquid index product backed by housing-related assets.
Josh explained why he feels USHP is so necessary in today’s market: Advanced blockchain capabilities, a more open regulatory environment, and a generation that has increasingly felt they couldn’t afford owning a home.
His goal is to broaden access to the housing market as an asset class. “Every home is a unique snowflake. You need deep expertise in specific markets, specific home types, and so on and so forth,” Josh says.
00:00 Meet Josh Rosenthal, CEO of Index Industries
01:45 From Investor to Co-Founder and CEO
03:29 The Ticker for the US Housing Market
05:19 On Traditional ETF Infrastructures
06:44 Blockchains as a Sandbox for Financial Innovation
10:17 The $300T Real Estate Asset Class
12:36 Tokenization Meets Real Estate
18:58 Building the Team
19:54 Five-Year Vision for US Housing
USHP Official retweeted
We are fortunate to have a stacked set of incredible investors supporting us.
Coming soon: Our first index product will be the U.S. Home Price Index (USHP Index), a proprietary benchmark for U.S. home prices. @ushp_official, based on the USHP Index and issued by USHP, Limited (BVI), will be the first investment product built using our technology and infrastructure.
We’re thrilled to announce coming out of stealth with a $50M raise to transform how the world accesses real estate markets.
Real estate is the largest asset class in the world, worth $300 trillion, so why hasn’t it evolved with the rest of finance? It remains one of the hardest to access, both directly and through traditional financial products.
The first application of Index Industries’ technology is @USHP_Official: a first-of-its-kind liquid, investable index referencing the U.S. housing market.
The U.S. housing market finally has a ticker.
USHP Official retweeted
A $50M raise for @Index_inds, led by @lightspeedvp, plus $100M in commitments from @galaxyhq and @FWDind secured for the $USHP.
This token will track Index Industries' own proprietary U.S. House Price Index (HPI). Launch is imminent, coming first on @ethereum in 2026, then on @solana in 2027.
Indexes like the U.S. Federal Housing Finance Agency's (FHFA) HPI are up 60.5% since COVID (Q1 2020), yet U.S. home prices have never been investable at scale.
What SPY did for the S&P 500, @USHP_Official aims to do for the $55T U.S. housing market, unlocking exposure to one of the world's largest asset classes.
Congrats to @JReedRosenthal and Brian Hardecker!
The U.S. housing market finally has a ticker.
USHP is a first-of-its-kind liquid, investable index product designed to track U.S. home-price movements.
@FWDind is allocating to the institutional pre-launch of USHP, joining @galaxyhq for a total of up to $100M in commitments.
What SPY did for access to the S&P 500, USHP is designed to do for U.S. home prices.
USHP Official retweeted
Forward Industries Commits Up to $50 Million to USHP, Co-Anchoring Its $100 Million Launch
The allocation adds exposure to a U.S. home price index to Forward's SOL++ strategy ahead of USHP's planned expansion to Solana in 2027.
We’re thrilled to announce coming out of stealth with a $50M raise to transform how the world accesses real estate markets.
Real estate is the largest asset class in the world, worth $300 trillion, so why hasn’t it evolved with the rest of finance? It remains one of the hardest to access, both directly and through traditional financial products.
The first application of Index Industries’ technology is @USHP_Official: a first-of-its-kind liquid, investable index referencing the U.S. housing market.
The U.S. housing market finally has a ticker.
USHP Official retweeted
Former Polychain President @JReedRosenthal just came out of stealth with @Index_inds and a $50M seed round
The startup was co-founded by Rosenthal alongside Brian Hardecker, CEO of Longmark, a residential real estate platform with $2 billion in AUM.
The raise was led by @lightspeedvp with participation from @polychain, @galaxyhq and @wmt_ventures.
US housing is worth an estimated $55 trillion, but there hasn't been a simple way for investors to get liquid exposure to home prices as a whole.
USHP plans to change that by opening to eligible institutional and non-US investors, starting on Ethereum with up to $100M in pre-launch commitments, according to The Block reporting.
Rosenthal said indexing "reduces the expertise and cost barriers to investing in an entire market, which is what U.S. housing needs."
Index’s first product is @USHP_Official, a tokenized product that tracks a daily US home price index. It is expected to launch this quarter.
Equities have index products. So do bonds and gold.
Real estate has been left behind, despite being one of the most widely held and least volatile assets in the country.
USHP solves that problem.
The U.S. housing market finally has a ticker.
We’re thrilled to announce coming out of stealth with a $50M raise to transform how the world accesses real estate markets.
Real estate is the largest asset class in the world, worth $300 trillion, so why hasn’t it evolved with the rest of finance? It remains one of the hardest to access, both directly and through traditional financial products.
The first application of Index Industries’ technology is @USHP_Official: a first-of-its-kind liquid, investable index referencing the U.S. housing market.
The U.S. housing market finally has a ticker.
Notice: USHP has not launched. We will announce its launch through our official channels.
Any token using the USHP name or ticker that we have not announced is not an official USHP token and is not affiliated with or endorsed by USHP.
