Horizon

▣About Horizon

Horizon is a New York-based company that lets U.S. homeowners turn part of their home equity into bitcoin without taking out a loan. A homeowner receives cash in exchange for a share of the home's future value through a home equity investment arranged with Horizon's partner, structured as an options contract, and the proceeds are used to buy bitcoin. There are no monthly payments, no fixed term and no income requirement; the minimum is $20,000, and the amount is capped at a percentage of home value (roughly up to 22%). The product is offered in select states; in California, Horizon Financing Corp. holds California DRE license 02439363. Horizon says it does not hold customers' bitcoin and that the bitcoin is not pledged as collateral; purchases run through third-party trading and custody providers.