An Impressive Raise
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.
Upon release of the announcement, representatives from each company spoke on the matter. Here are a few words form those individuals:
Perrin Quarshie, Founder & CEO of RealBlocks, stated,
“With the support of our strategic investors, 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.”
Greg Gilman, Cofounder & Managing Director of Science Inc., stated,
“We invested in RealBlocks because this use of blockchain technology has real-world benefits that perfectly align with our investment model. 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.”
Anthony Pompliano, Founder & Partner of Morgan Creek Digital, stated,
“2019 is going to be an incredibly important year for blockchain projects. 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. One of our core theses at Morgan Creek Digital has been that every stock, bond, currency, and commodity will be tokenized at some point in the future. RealBlocks has developed a solution that is going to help the best players in the real estate industry join the blockchain revolution.”
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.
In addition to detailing funding events, we have also taken a look at Science Blockchain in past months. To learn more about this project, make sure to visit out token listings page HERE.
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.
In Other News
The funding discussed here today continues a trend of interest toward companies developing the digital securities sector. Here is another examples of a successful funding event:
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