TYTL then converts each recorded equity interest into compliant digital securities on a one-to-one basis, with every dollar of residential equity corresponding to one dollar of digital securities. “This transaction has the potential to transform Beeline from a traditional mortgage originator into an AI-powered residential equity and finance platform,” Jess Kennedy, co-founder and chief operating officer of Beeline, said in a statement. Targeting high-equity, high-value homesU.S. homeowners hold about $17 trillion in home equity, according to industry data cited by the companies. TYTL has already completed its initial blockchain-recorded residential home equity transactions on $1 million-plus homes, and as of the release date its residential equity portfolio was valued at about 26% above its aggregate acquisition cost. The initial rollout involved five blockchain-tracked home equity transactions, with roughly 30 more expected to close before the end of the year.