Blockchain company, RealBlocks, has recently announced the closing of its latest round of funding. This successful raise saw RealBlocks bring in $3.1 million.
A variety of companies contributed to this funding. Most notably, Science Inc., and Morgan Creek Digital. Each of these companies has close ties with the digital securities sector, as they work towards the continued maturation of the industry.
With this funding, RealBlocks aims to continue development of their blockchain based real-estate platform. As a company, they have recognized the merits of digital securities backed by real world assets such as real-estate. As such, they aim to bring, not only accessibility, but liquidity to the real-estate market.
Those behind RealBlocks founded the company in 2017, with headquarters in New York. Above all, RealBlocks facilitates capital raising. They do so through the fusion of blockchain and real estate. Through the issuance of digital securities, RealBlocks draws the appeal of investors and issuers alike.
Company operations are spearheaded by founder, Perrin Quarshie – a graduate of both Georgia Institute of Technology and Massachusetts Institute of Technology.
In their press release, Quarshie briefly described a few benefits of the RealBlocks platform. He stated, “Our platform also provides opportunities for post-issuance liquidity. Investors will be able to credit their platform wallets with Digital/Fiat Currency and then purchase tokens representing ownership of the underlying real estate via private placements. Through our platform, investors around the globe are afforded the ability to efficiently invest and fundraise for real estate offerings without the complications and excessive costs of public securities registration.”
Science Inc. is based out of Santa Monica. Above all, the company acts as a venture capital firm, investing in promising start-ups. Examples of these include companies such as DollarShaveClub, Science Blockchain, and others.
Morgan Creek Digital
Morgan Creek Digital is a newly founded arm of Morgan Creek Capital Management. While each branch acts as venture capital firms, this new arm specializes in blockchain and digital securities.
This branch was formed in early 2018, and is spearheaded by Anthony Pompliano – a prominent figure in the industry.