USHP Foundation Launches First-of-its-Kind Investable U.S. Home Price Index for Global Investors

• USHP (U.S. Home Price) is the first-of-its-kind liquid index product tracking U.S. home prices, backed by housing-related reserve assets, with USHPi (U.S. Home Price - Income) available as its income-bearing variant
  
  
• USHP has received institutional commitments up to $100 million, anchored by the Galaxy Sharplink Onchain Yield Fund, Forward Industries (Nasdaq: FWDI) and others
  
  
• USHP will be issued by USHP Limited, a British Virgin Islands company and subsidiary of the USHP Foundation, a Cayman Islands foundation company, with Index Industries serving as technology and services provider
  
  
• USHP will be made available only to eligible institutional and non-U.S. investors

GEORGE TOWN, Cayman Islands, Nov. 11, 2026 /PRNewswire/ -- The USHP Foundation, a Cayman Islands foundation company, today announced the upcoming launch of USHP, the first tokenized liquid index product tracking U.S. home prices. USHP gives investors broad, diversified exposure to U.S. housing through a single financial instrument. USHP references the U.S. Home Price Index (USHP Index), Index Industries' new, daily-reported benchmark for U.S. home prices that aligns closely with longstanding housing indices.

USHP is the first index-based financial product to be powered by Index Industries' tokenization technology and real estate and capital markets services.

Just as SPY made the entire S&P 500 investable through one trade, USHP is designed to do the same for U.S. home prices, tracking the U.S. Home Price Index through a single asset. USHP unlocks access to an asset class historically known for inflation protection, low correlation to broader markets, and steady growth. Major U.S. housing indices have compounded at roughly 5% annually over 50 years and roughly 7% over the last decade, and U.S. housing accounts for more than a third of the Consumer Price Index, making it one of the most reliable foundations of wealth and preservers of purchasing power.

Because USHP is fully backed by reserve assets, which are primarily housing-related, holders can also earn additional yield through USHPi, its income-bearing version. Together, USHP and USHPi are designed to combine home-price exposure, income, and liquidity in a single product.

"The USHP Foundation exists to give investors real, liquid exposure to U.S. housing, something the market has never had at this scale. We're launching to eligible institutional and non-U.S. investors so we can build USHP the right way: deliberately, compliantly, and with the infrastructure in place to grow responsibly from day one," said Glenn Kennedy, Director of the USHP Foundation.

"U.S. housing is one of the largest asset classes in the world, and until now, there's never been a way to invest in it at index level. That's the problem our technology was built to solve. We're proud to be the infrastructure behind USHP," said Josh Rosenthal, Co-founder and CEO of Index Industries.

"We've watched real estate tokenization struggle to find a structure that actually works at scale. USHP is the first approach we've seen that gets it right: broad, diversified exposure to U.S. housing built on institutional-grade infrastructure. We're excited to be backing Index Industries and supporting USHP directly. It reflects our conviction that this is where the category is headed," said Mike Giampapa, General Partner at Galaxy Ventures.

USHP has received institutional commitments up to $100 million, anchored by the Galaxy Sharplink Onchain Yield Fund, Forward Industries (Nasdaq: FWDI) and others. USHP is expected to launch in Q4 on Ethereum mainnet, with expansion to Solana planned for 2027, and will initially be available to eligible institutional and non-U.S. investors only. USHP will be issued through USHP Limited, a British Virgin Islands company and subsidiary of the USHP Foundation. For more information, visit ushpindex.com and follow @USHP_Official on X.

About the USHP Foundation
The USHP Foundation is a Cayman Islands foundation company. Its subsidiary, USHP Limited, a British Virgin Islands company, is the issuer of USHP. USHP is not being offered or sold in the United States or to U.S. persons.

About Index Industries
The company is building the technology and infrastructure to transform U.S. housing into a broadly investable asset class. Founded in 2026 by Josh Rosenthal, Co-founder and CEO of Index Industries and former President of Polychain, and Brian Hardecker, Chairman of Index Industries and CEO of Longmark Group, formerly of Blackstone Real Estate, Index Industries manages the U.S. Home Price Index and provides technology for USHP. To learn more, visit indexindustries.com and follow on X at @index_inds.

Media contact: [email protected] 

IMPORTANT NOTICE
This press release is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities or other financial instrument in any jurisdiction, including the United States, or to or for the account or benefit of any U.S. person. No securities described or referenced herein have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States, and no such securities may be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration. USHP is issued by USHP Limited, a British Virgin Islands company and a subsidiary of the USHP Foundation, a Cayman Islands foundation company. Any offering of USHP will be made solely by the issuer pursuant to separate offering materials and only to eligible non-U.S. persons outside the United States in accordance with applicable law. Index Industries is not the issuer of USHP and will not offer, sell, distribute, market, redeem, or accept subscriptions for USHP. This press release is intended for release and distribution only outside the United States. This press release contains forward-looking statements, including statements regarding the expected launch, features, and availability of USHP and USHPi; forward-looking statements are subject to risks and uncertainties, and no assurance can be given that any product will launch, operate, or perform as described. Historical index and market data herein are unaudited and provided for informational purposes only; past performance is not indicative of future results.

SOURCE USHP Foundation