About HOUSD
Real estate yield, rebuilt for onchain capital.
HOUSD exists to bring institutional-grade U.S. real estate credit to anyone who can hold a stablecoin. We bridge the world’s largest yielding asset class with the world’s most programmable settlement layer — without the opacity that defines traditional private credit.
Why we built it
The yield was always there. The access wasn’t.
U.S. real estate credit is a $5T+ market that quietly delivers durable, mid-single to low-double-digit yields backed by hard collateral. For decades, that yield has been gated behind accreditation, fund minimums, and quarterly liquidity windows.
Meanwhile, onchain yield products have largely chased circular incentives — token-native APYs that vanish when emissions stop. We saw a better fit: tokenize the loan-level cash flows of underwritten, lien-secured U.S. real estate credit, and deliver them through composable vaults.
That’s HOUSD. Real assets. Real yield. Onchain rails.
Principles
What we won’t compromise.
Real assets first
Every dollar in a HOUSD vault is backed by a senior-secured U.S. real estate loan. No synthetic exposure, no derivative chains, no re-hypothecation.
Transparency by default
Loan-level data, vault composition, and performance are published onchain. You can verify what you own without trusting a quarterly PDF.
Institutional standards
Audited contracts. Multi-sig admin. Recorded mortgages. Regulated custody. The rigor expected of capital markets, applied to crypto-native rails.
Originator-aligned
We work with U.S. lenders we’ve underwritten end-to-end. Our incentives align with theirs — and yours.
Want to talk?
Whether you’re an investor, an originator, or a partner — we’d love to hear from you.
Get in touch