Alt DRX, a Bangalore-based platform pioneering blockchain-powered real estate tokenization, has successfully closed a $2.7 million Pre-A funding round.
The recent move marks a significant milestone for the company as it works to reshape how residential properties are bought and sold.
The funding round attracted a mix of institutional and angel investors, reflecting growing confidence in blockchain’s role in transforming traditional real estate markets.
Key participants in this round include Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital.
Prominent angel investors such as sports commentator Harsha Bhogle, Parthasarathy, and Richard Rekhy, former CEO of KPMG India, also joined the round, reinforcing the project’s credibility.
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A New Way to Buy Real Estate, One Square Foot at a Time
Alt DRX is developing a platform that allows users to invest in residential real estate in a fractionalized format, buying and selling properties by the square foot.
By tokenizing real estate assets on the blockchain, the platform brings increased accessibility, transparency, and liquidity to the traditionally illiquid real estate market.
Alt DRX offers algorithmic daily pricing, real-time settlement, and an immutable transaction record through blockchain infrastructure.
The model opens up investment opportunities to a broader segment of the population, including younger and first-time investors who may have previously found real estate inaccessible due to high capital requirements.
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Strategic Use of Funds to Accelerate Platform Growth
According to Anand Narayanan, co-founder of Alt DRX, the newly raised funds will be allocated toward several key areas of the company’s expansion strategy.
A portion of the capital will go toward acquiring residential assets that will be listed on the platform.
In addition, investments will be made in technology development to enhance user experience and platform security.
Marketing efforts will be ramped up to raise awareness and onboard users, while funds will also be used to cover regulatory licensing costs, ensuring that Alt DRX operates within the bounds of compliance as it scales.
The comprehensive deployment of capital is designed to fuel both short-term traction and long-term sustainability.
Growing Institutional Interest Signals Confidence in Real Estate Tokenization
The participation of major financial institutions and media conglomerates in Alt DRX’s Pre-A funding round signals a broader trend of institutional interest in real estate tokenization.
As more investors and organizations explore the integration of blockchain into asset management and ownership, platforms like Alt DRX are poised to lead this innovation.
The backing from diverse sectors, ranging from banking to media, suggests that tokenized real estate is not just a passing trend but a viable and potentially transformative model.
With its robust funding and strategic roadmap, Alt DRX is well-positioned to expand its influence in India’s real estate sector and potentially serve as a blueprint for similar ventures globally.
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