BlockBeats reported on November 11, 2026, that real-estate tokenization company Index Industries had completed a $50 million seed round led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures and Wintermute Ventures, among others.
The company was co-founded by Josh Rosenthal, formerly president and general partner at Polychain Capital, and Brian Hardecker, founder of Longmark and formerly of Blackstone. Rosenthal serves as CEO and Hardecker as chairman.
The funding is the completed step. The proposed products remain plans in the report: Index Industries intends to introduce the US Housing Price Index (USHP Index), which would aggregate data from major housing indices daily to measure home prices nationwide. USHP, its first investment product linked to that index, is expected to be issued by British Virgin Islands–registered USHP Limited. The reported plan calls for an Ethereum launch in 2026 and expansion to Solana in 2027. The notice does not document a product launch or provide results by which to assess the index.
Original report: BlockBeats, November 11, 2026, 09:52 UTC+8.