RealBlocks Aims to Tokenize Real Estate Investing with Ethereum, Raises $3.1 Million Seed Round

RealBlocks, a platform leveraging the Ethereum blockchain to tokenize equity in real estate, closed a $3.1 million seed round.

"We believe that the real estate market, like nearly all asset classes, will be increasingly data-driven and digitized or digitally native, and we look forward to building on our history of transformative companies."

RealBlocks is a real estate investment platform that leverages the Ethereum blockchain to tokenize shares of real estate.

On the RealBlocks platform, each token represents a share of equity in a property.

The company promotes its platform as a way to provide "Global access, institutional real estate, and instant liquidity" to the market, according to the startup's website.

Allegedly, the tokenization of property equity enables easier access to international investors, opens up investing via cryptocurrency, and enables "Peer-to-peer trading."

"We're accelerating development of our product and adoption of blockchain technology for real estate, an industry that previously hasn't seen much innovation. This is a great opportunity to improve the investment experience for both sponsors and investors while also minimizing friction throughout the entirety of the process."

"After years of experimentation and development, the market expects these [blockchain] 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."

Some examples of this include Securitize-a compliance platform for digitizing securities on the blockchain-which raised $12.75 million November of last year, and BlockFi-a crypto-backed loan provider-which raised $52.5 million July of last year.

According to Pompliano, he is adamant that "Every stock, bond, currency, and commodity will be tokenized at some point in the future." Consequently, Morgan Creek Capital and other progressive venture capital firms are trying to keep ahead of the trend with strategic investments like those in RealBlocks.