HMX operates a tokenized securities exchange for mortgage servicing rights, converting a $200B asset class traditionally traded through slow private auctions into an open marketplace where transactions settle in seconds. The platform digitizes these assets as tokens, enabling faster liquidity and broader market participation.
Funding
Funding not disclosed
Founders
Product
Problem
Mortgage servicing rights, a $200B asset class, are currently traded through private auctions that take months to complete. This slow, opaque process limits liquidity, restricts market access, and creates inefficiencies for buyers and sellers.
Solution
HMX provides a tokenized securities exchange that brings mortgage servicing rights onto an open marketplace. By digitizing these assets as tokens, the platform enables transactions to settle in seconds rather than months, dramatically increasing speed and transparency. The exchange creates a liquid, accessible market where participants can trade with greater efficiency and reduced friction compared to traditional private auction processes.
Target Audience
Primary customers are institutional investors, mortgage servicers, and financial firms seeking to buy, sell, or trade mortgage servicing rights with greater speed and liquidity.
Features
- Tokenized representation of mortgage servicing rights for seamless digital trading
- Open marketplace structure that replaces closed private auction mechanisms
- Near-instant settlement capability, reducing transaction time from months to seconds
- Transparent pricing and order matching through an exchange-based model