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2019-01-26 17:50:25

Morgan Creek Leads $3.1 Million Investment to Develop Tokenized Real Estate Platform

RealBlocks, a blockchain-based platform for the real estate business, has completed a seed funding round led by Morgan Creek Digital, Cross Culture Ventures, Ulu Ventures, Science Inc., and Zelkova Ventures. According to the announcement’s press release, a $3.1 million funding round was closed after receiving investments from well-known venture capital firms. The actual amounts invested by the companies was not disclosed. As a decentralized real estate platform, RealBlocks allows users to tokenize shares of private equity and trade the tokens in local and international markets.