Alt DRX, a platform for tokenized real estate trading, has just completed a Pre-A funding round worth 2.7 million USD. Investors include Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounderCircle, and nX Capital. This capital will be used to acquire assets, develop technology, marketing, and obtain compliance licenses.
Anand Narayanan, co-founder of the company, emphasizes the goal of lowering the investment threshold for real estate, enabling more investors to participate. The platform uses blockchain technology for fragmented real estate transactions, supporting purchases and sales from 1 square foot. Services include algorithmic pricing and instant payments.
The company, headquartered in Bangalore, currently records about 100,000 transactions annually. Investors can earn from rental income and trade real estate shares through a mobile app.
Source: https://tintucbitcoin.com/nen-tang-alt-drx-huy-dong-thanh-cong-27-trieu-usd-vong-pre-a/
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