Blockchain-Driven Real Estate Platform Closes Seed Funding Round Backed by Morgan Creek
- Blockchain -based real estate platform RealBlocks has successfully closed a seed funding round backed by digital assets manager Morgan Creek Digital, a press release reveals Friday, Jan. 25.
- Per the announcement, a $3.1 million round was led by United States -based commerce company Science Inc. with participation from Morgan Creek Digital, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures.
- Last year, Morgan Creek Digital, backed by the institutional investment house Morgan Creek Capital with $1.5 billion in assets under management, launched its own digital asset index fund in partnership with crypto-focused Bitwise Asset Management.
- The fund gives accredited investors, endowments, pensions and other approved institutional investors the possibility to gain indirect exposure to Bitcoin ( BTC ), Ethereum ( ETH ) and eight other large market cap assets, excluding Ripple ( XRP ) and Stellar ( XLM ) as they were created through a pre-mine .
Read full article: cointelegraph.com