RealBlocks announces $3.1m seed funding

"2019 is going to be an incredibly important year for blockchain projects," says Anthony Pompliano, Founder & Partner at Morgan Creek Digital. "After years of experimentation and development, the market expects these companies to solve real problems now. RealBlocks is one of the teams that has a working product and has shown they can execute at a high level. That is one of the reasons why we are excited to invest"

Morgan Creek Digital has participated in a $3.1 million seed round for tokenized real-estate startup RealBlocks. Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures were also in the mix.

“With the support of our strategic investors, we’re accelerating development of our product and adoption of blockchain technology for real estate, an industry that previously hasn’t seen much innovation,” says Perrin Quarshie, Founder and CEO of RealBlocks. “This is a great opportunity to improve the investment experience for both sponsors and investors while also minimising friction throughout the entirety of the process.”

Meanwhile, Anthony Pompliano, Founder and Partner at Morgan Creek Digital, took to Twitter with a typically low key statement about the investment.

 

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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