Change Lending and Profitr have announced a long-term strategic partnership to launch a blockchain-native marketplace for tokenised residential mortgage loans.
Change Lending has named Profitr its exclusive tokenisation partner for the listing and sale of its mortgage loans. Profitr will use its technology to offer investors a multi-originator, single-issuer marketplace. Profitr will continue to build its independent, originator-agnostic platform for the tokenisation and sale of investable private credit assets.
Steven Sugarman, Founder of Change, said, “Change Lending is again breaking new ground in the mortgage market. Change’s partnership with Profitr positions us to deliver greater liquidity and more flexible capital solutions for originators and borrowers while giving investors a transparent path to high-quality, tokenised U.S. residential credit.”
Harlan Peltz and Ian Epstein, Co-CEOs of Profitr, said, “Change’s team and products accelerate our position with respect to the tokenisation of residential mortgage loans for institutional investors. Our partnership with Change also deepens our relationships with buyer counterparties and reinforces Profitr’s leadership in the tokenised ecosystem. We look forward to an integration that will expand our marketplace and deliver a more efficient experience for every originator and investor on the platform.”
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
*Offer ends on Friday, 7th February.
