Josh Rosenthal, CEO and co-founder of Index Industries, joins Justin Overdorff of Lightspeed to walk through the investment memo behind Lightspeed’s backing of the company. Index Industries recently came out of stealth with a $50 million seed round led by Lightspeed, and its platform is built to create tokenized index products. The first is USHP, a token that tracks broad-based US home price indices and is backed by real estate related assets and liquid assets, built in partnership with USHP Limited, the token’s issuer.
Josh explains why he left investing at Polychain Capital to become CEO, why he thinks the benefits of indexing could lower the barriers of expertise and transaction costs in housing, and why he thinks tokenized real estate has not yet produced a breakaway product. They also cover why the product is built on a blockchain and not traditional ETF infrastructure, how co-founder Brian Hardecker’s firm Longmark Group supports the real estate side, and why institutional credibility is the priority across product, legal structure and reserve management. Josh describes a first offering aimed at qualified non-US investors, with the intent to come onshore later through the proper regulatory channels, and how the seed funding will go toward legal and regulatory work, a product that works on day one, and talent. He closes with his advice for teams building a tokenized product.
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
Stay in touch: X: LinkedIn: Instagram:
The content here does not constitute tax, legal, business or investment advice or an offer to provide such advice, should not be construed as advocating the purchase or sale of any security or investment or a recommendation of any company, and is not an offer, or solicitation of an offer, for the purchase or sale of any security or investment product. The views expressed by our guests do not necessarily represent the views of Lightspeed. For more details please see lsvp.com/legal.
Building the Future of Real Estate Investing | Rosenthal, Index Industries
Read More
By: Lightspeed Venture Partners Title: Building the Future of Real Estate Investing | Rosenthal, Index Industries Sourced From: www.youtube.com/watch?v=cOR50k1hOjU
