Change Lending, a mortgage lender owned by community development financial institution The Change Company, and Profitr announced a long-term partnership on 4 November 2026 to launch a blockchain-native tokenized mortgage marketplace, with Profitr buying Change’s xChange Hub loan marketplace, according to the announcement. Fintechbits checked the release’s claim that USDC supply was over $70 billion in mid-October against Circle’s own results, which put average USDC in circulation at $73.3 billion for the third quarter. Change Lending has named Profitr its exclusive tokenization partner for listing and selling its loans.

What the Tokenized Mortgage Deal Covers

xChange connects banks, insurers, asset managers and REITs with mortgage originators. Profitr will rebuild it to list and trade tokenized mortgage loans using its smart contracts and tokenization tools. Change says its loans are mainly first-lien mortgages with average FICO scores above 740 and loan-to-value ratios below 75%, and that it is approved by Fannie Mae, Freddie Mac and Ginnie Mae and licensed in 48 states.

The pitch rests on stablecoin holders wanting yield from real assets. The release puts the total stablecoin market at about $300 billion in mid-October. Fintechbits covered Circle’s latest figures in its Circle Q3 2026 analysis. A tokenized mortgage market still needs buyers willing to hold loan tokens rather than whole loans or mortgage bonds.

Change is a sizeable originator to start with: the release says it generates more than $5 billion of loans a year and has issued more than $3 billion of rated securitizations. Profitr already runs a tokenization marketplace for private credit and says it will keep building an originator-agnostic platform, so Change is the first lender rather than the only one. The release puts tokenized real-world assets, excluding stablecoins, at $30 billion to $40 billion, a small fraction of the roughly $300 billion stablecoin pool it hopes to tap, with Tether’s USDT above $180 billion. A tokenized mortgage market has to convince those holders that a loan token is as easy to value and sell as a mortgage bond.