Real estate tokenization trading platform Alt DRX completes $2.7 million Pre-A round financing

2025-05-08 17:19:36

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ChainCatcher news, according to ET Realty, the blockchain-driven real estate tokenization trading platform Alt DRX has announced the completion of a $2.7 million Pre A financing round. This round of financing was participated in by institutions such as Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital, while also attracting support from angel investors like Harsha Bhogle, Parthasarathy, and Richard Rekhy.

Alt DRX, headquartered in Bangalore, is dedicated to tokenizing residential real estate assets through blockchain technology, providing users with the opportunity to buy and sell residential properties by square foot. The platform supports algorithmic daily pricing, instant settlement, and offers transparent transaction records. Co-founder Anand Narayanan stated that this round of financing will be used for purchasing residential assets, technology research and development, marketing, and regulatory license fees.

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