RealBlocks announces $3.1m seed funding

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.