Index Industries completed a $50 million seed round financing

According to the official announcement, the real estate investment infrastructure company Index Industries has completed a $50 million seed round 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, CEO of the residential real estate platform Longmark. The platform combines the daily published U.S. housing price index, tokenization technology, and real estate and capital market services, aiming to transform U.S. housing into an investable asset class, with its first product being the U.S. Housing Price Benchmark Index USHP Index.