Key Takeaways
- • Change Lending and Profitr Holdings announced a long-term strategic partnership to launch a blockchain-native marketplace for tokenized residential mortgage loans, according to a Business Wire release dated November 4, 2026.
- • Profitr acquired Change subsidiary xChange Hub, Inc., an online marketplace connecting institutional investors with residential mortgage originators, and will enhance it to list and trade on-chain tokenized mortgage loans.
- • Change Lending has named Profitr its exclusive tokenization partner for listing and sale of its mortgage loans, giving the platform access to billions of dollars of prime first-lien originations.
- • Change Lending reports more than $5 billion in annual originations, roughly 10,000 loans per year, and over $3 billion in securitizations rated by S&P and Kroll.
- • The partnership integrates Anchorage Digital Bank for stablecoin-agnostic institutional custody, targeting buyer pools that include institutional stablecoin holders.
Summary
Change Lending, LLC, the wholly owned subsidiary of The Change Company CDFI LLC, and Profitr Holdings, Inc. announced a long-term strategic partnership to launch a blockchain-native marketplace for tokenized residential mortgage loans. As part of the arrangement, Profitr acquired xChange Hub, Inc., a Change subsidiary operating an online marketplace that connects institutional investors, including banks, insurance companies, asset managers, REITs and other qualified purchasers, with qualified residential mortgage originators. Profitr plans to enhance the xChange platform to list and trade on-chain tokenized mortgage loans using its smart contract, tokenization, AI analytics and blockchain technology.
Under the terms of the partnership, Change Lending has named Profitr its exclusive tokenization partner for the listing and sale of its mortgage loans. Profitr says it will offer investors a multi-originator, single-issuer marketplace and will continue building its independent, originator-agnostic platform for private credit assets. Change Lending's qualified purchasers will gain access to Profitr's blockchain rails, and its origination partners are expected to benefit from improved execution.
Change Lending describes itself as a prime mortgage originator with primarily first-lien residential loans, average FICO scores above 740 and average LTVs below 75%. The company is approved as a seller-servicer by Fannie Mae, Freddie Mac and Ginnie Mae, is an approved originator for FHA, VA and USDA, is licensed in 48 states, and is certified as a Community Development Financial Institution by the U.S. Treasury's CDFI Fund. Its wholesale channel serves over 10,000 loan officers.
Steven Sugarman, Founder of Change, said the partnership positions the company to deliver greater liquidity and more flexible capital solutions for originators and borrowers. Harlan Peltz and Ian Epstein, Co-CEOs of Profitr, called completing the transaction a major milestone and said the partnership deepens relationships with buyer counterparties.
According to the release, Profitr's technology enables instantaneous settlement, real-time interest accrual and the ability to own participating interests with or without leverage, on the Avalanche blockchain. The release cites a U.S. private real estate credit market of roughly $4.8 trillion and tokenized real-world assets excluding stablecoins in the $30 to $40 billion range. It also cites a stablecoin market of approximately $300 billion as of mid-October 2026. The figures are company-cited estimates, and the release notes that forward-looking statements may differ from actual results.
Under the terms of the partnership, Change Lending has named Profitr its exclusive tokenization partner for the listing and sale of its mortgage loans. Profitr says it will offer investors a multi-originator, single-issuer marketplace and will continue building its independent, originator-agnostic platform for private credit assets. Change Lending's qualified purchasers will gain access to Profitr's blockchain rails, and its origination partners are expected to benefit from improved execution.
Change Lending describes itself as a prime mortgage originator with primarily first-lien residential loans, average FICO scores above 740 and average LTVs below 75%. The company is approved as a seller-servicer by Fannie Mae, Freddie Mac and Ginnie Mae, is an approved originator for FHA, VA and USDA, is licensed in 48 states, and is certified as a Community Development Financial Institution by the U.S. Treasury's CDFI Fund. Its wholesale channel serves over 10,000 loan officers.
Steven Sugarman, Founder of Change, said the partnership positions the company to deliver greater liquidity and more flexible capital solutions for originators and borrowers. Harlan Peltz and Ian Epstein, Co-CEOs of Profitr, called completing the transaction a major milestone and said the partnership deepens relationships with buyer counterparties.
According to the release, Profitr's technology enables instantaneous settlement, real-time interest accrual and the ability to own participating interests with or without leverage, on the Avalanche blockchain. The release cites a U.S. private real estate credit market of roughly $4.8 trillion and tokenized real-world assets excluding stablecoins in the $30 to $40 billion range. It also cites a stablecoin market of approximately $300 billion as of mid-October 2026. The figures are company-cited estimates, and the release notes that forward-looking statements may differ from actual results.
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