Founded as a public benefit corporation, EquityCoin, Inc. created the first digital token on the blockchain backed by affordable housing. The company provides apartments for those in danger of becoming homeless while helping community-members build generational wealth through fractional real estate ownership.
According to EquityCoin founder and CEO Vernon J., “On any given night in America, there are over 500,000 people sleeping on the streets even though studies show that increasing access to permanent housing has the potential to reduce homelessness by 50%. This is the crisis of our time, and we need more public and private programs that can directly address this basic necessity.”
Vernon, a commercial real estate professional and investor with over 16 years of experience, and over $150 million in transactions, launched EquityCoin in January of 2021 after renting out one of his units in the East New York neighborhood of Brooklyn, NY, to a mother and son who were living in a shelter, according to a press release.
“I saw tears of joy in her eyes when I handed her…