Change Lending, Profitr Partner on Mortgage Tokenization
The partnership aims to launch a blockchain marketplace for tokenized residential mortgages, with Profitr acquiring the xChange Hub platform.
Updated on Nov. 5, 2026 in Residential
Change Lending and Profitr Holdings announced a long-term partnership on Wednesday to launch a blockchain marketplace for tokenized residential mortgages. Profitr also acquired xChange Hub, an online marketplace owned by The Change Company CDFI, that connects mortgage originators with institutional buyers.
Why it matters
The move would let institutional buyers such as banks, insurers, asset managers and REITs acquire residential mortgage exposure through blockchain-based tokens. For U.S. homebuyers and lenders, it signals growing efforts to bring private real estate credit onto digital asset infrastructure.
Change Lending originates more than $5 billion in loans a year, about 10,000 loans, with average borrower FICO scores above 740 and a 75% average loan-to-value ceiling. The U.S. private real estate credit market is estimated at $4.8 trillion, and the timing of the marketplace launch has not been disclosed.
The players
Change Lending
Change Lending is a mortgage lender that originates more than $5 billion in loans a year and serves a wholesale channel of more than 10,000 loan officers.
Profitr Holdings
Profitr Holdings is a company that acquired the xChange Hub marketplace and was named the exclusive tokenization partner for Change Lending's loans.
The details
Loans will be tokenized on the Avalanche blockchain, with custody handled through Anchorage Digital Bank, a federally chartered digital asset bank. Only fully funded, performing loans that have already been through due diligence will be tokenized, and Change Lending named Profitr its exclusive tokenization partner.
Timeline
Wednesday: Change Lending and Profitr Holdings announced the partnership.
Market Landscape
Tokenized real-world assets currently total an estimated $30 billion to $40 billion excluding stablecoins, according to industry tracking. This partnership moves that trend into the $4.8 trillion U.S. private real estate credit market, a far larger pool than most existing tokenized assets.
Tokenized mortgage exposure would give institutional investors near-instant settlement and real-time accruing interest rather than traditional loan-sale timelines. Individual homebuyers would not directly access these tokens, but they could see changes in how their mortgages are funded over time.
The takeaway
Mortgage tokenization may shorten how long lenders wait to recover capital, but its impact on borrowers will depend on how these loans are priced and serviced. Readers tracking real estate finance should watch whether institutional demand for tokenized mortgages grows as forecasts suggest.
Further reading
Explore more residential real estate news for context on how mortgage markets are evolving.
Source note: This article includes information reported by Los Angeles Times.
