RealBlocks, a blockchain-based real estate platform, raised $3.1M in a seed round backed by investors including Morgan Creek Digital, Science Inc, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures. RealBlocks provides investors with access to global real estate investment opportunities and enables firms to raise capital through tokenized real estate securities offerings.
When purchasing shares on RealBlocks, investors receive asset-backed tokens representing ownership of an offering. Investors can trade these tokens through RealBlock's peer-to-peer marketplace with other investors globally.
"2019 is going to be an incredibly important year for blockchain projects," said 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."