The Sharplink Onchain Yield Fund announced a total capital commitment of $125 million to launch USHP, a tokenized index that tracks daily US home prices. The product is backed by Galaxy Digital, which has pledged $50 million, and Forward Industries, which may contribute up to $50 million.
Product details
USHP will be issued on the Ethereum mainnet in the fourth quarter of 2026 and is intended to provide holders with exposure to a daily US Home Price Index created by Index Industries. A second variant, USHPi, will offer an income‑bearing option for investors. The tokens are described as fully backed by housing‑related reserve assets.
Institutional involvement
Pre‑launch institutional commitments total $100 million, including Galaxy’s $50 million and Forward Industries’ potential $50 million. Forward Industries also acquired a minority stake in Index Industries, the provider of the underlying home price index. Index Industries previously raised $50 million in seed funding, led by Lightspeed Venture Partners with participation from Galaxy Ventures.
Strategic context
Sharplink, which holds roughly 895,000 ETH, is positioning USHP as a bridge between crypto‑native investors and traditional housing market exposure. The US residential housing market is valued at approximately $55 trillion, and USHP aims to offer diversification by leveraging the historically low correlation between US home prices and the broader crypto market.
Future plans
The team plans to expand the token to the Solana blockchain by 2027, though this timeline remains a target rather than a confirmed date.
