Transparency

USHP is backed by housing-related reserve assets held above its market cap. Reported daily and independently attested each month.

United States14 metro areas in 10 states

The reserves

These are the assets that stand behind every USHP, as reported by the reserve administrator roughly every 24 hours and published onchain.

Reserves (NAV)$49.8Mas of Aug 31, 2026
USHP market cap$47.3Mat the USHP Price
Collateralization105.2%reserves over market cap
Where the reserves sit

Cash and cash equivalents · $4.0M · 8%Stablecoins and tokenized treasuries · $3.0M · 6%Housing-related reserve assets · $42.8M · 86%
NAV$49.8MAug 31, 2026

Proof of reserves

ht.digital, USHP's reserve administrator, values the reserves independently of the issuer and reports NAV roughly every 24 hours. Its dashboard shows the reserves day by day, and its attestation reports are published below. The housing-related assets behind the reserves are attested separately, once a month, by a third-party attester.

HT
ht.digitalReserve administrator · ht.digital
ProofWhat it isCadenceWhere

Reserve dashboard

ht.digital

The reserve administrator values the reserves independently of the issuer and reports NAV, day by day, on its own dashboard.

Roughly every 24 hours
ht.digitalDashboard at launch

USHP NAV

USHP-NAV

The reserve value per token based on the reserve health and collateralization as reported by the reserve administrator

Roughly every 24 hours
EthereumAddress at launch

Attestation reports

ht.digital

ht.digital's reports on the reserves: what it checked, as of when, and that the money is there. Each one opens as a PDF.

Once a month
After launchThe first report

Published onchain

NAV is published onchain alongside the index. The USHP price used for mints and redemptions is the lesser of the two.

FeedWhat it publishesCadenceContract

USHP Index

USHP-USD

The index in U.S. dollars, acting as the operative price for mints and redemptions under normal conditions

Every U.S. business day, and on any move of 0.01% or more
EthereumAddress at launch

USHP Price

USHP

The price USHP mints and redeems at, based on the lesser of the index or NAV per token. It mirrors the index until overcollateralization drops below 1.0x

On a move of 0.01% or more in either feed
EthereumAddress at launch

Reserve figures are as reported by the reserve administrator and are unaudited between reports. Collateral values are as attested once a month by a third-party attester; between attestations they are carried with the index. Proof of Reserves is one component of the reserve framework, not a guarantee of liquidity or solvency; USHP does not guarantee continuous redemption at the index price. USHP is offered by USHP Limited to KYC'd, eligible participants and may be restricted in some jurisdictions. Nothing here is investment, legal or tax advice.