PANews reported on May 8th that according to ET Realty, real estate tokenization trading platform Alt DRX has completed a2.2.7 million Pre-A round of financing.. Investors include Qatar Development Bank, India Times Brand Capital, Brand Capital, Hindustan Media Ventures, Zee Group, WeFounderCircle, and nX Capital. The financing will be used for residential asset acquisition, technology development, marketing, and compliance license applications. The application. the's founder Anand Narayanan stated that this aims to lower the threshold for real estate investment, enabling more investors to participate in this asset class.
According to the introduction, the platform achieves residential real estate fragmented trading through blockchain technology, supporting the buying and selling of property rights on a per square foot and providing algorithmic pricing basededed pricing and settlement services.. Bangalore, Alt DRX currently an annual transaction volume of of around 100,000 transactions, and investors can access rental income and trade their held property shares through its mobile platform.
