Real estate blockchain firm lands $1.3m in pre-series A money

Fraxtor, a blockchain-enabled real estate co-investment platform based in Singapore, has raised US$1.3 million in its latest round of funding.

More funding details

• Investors: Family offices, including Baksh Capital and Andes Fund Management.
• Stage: Pre-series A

More company updates

• Fraxtor will use the latest investment to scale its operations.
• Since launching operations in 2019, the startup has raised over US$22 million for real estate development projects in Singapore, Australia, the UK, and Canada under exemptions from Monetary Authority of Singapore (MAS) regulations.
• In July, Fraxtor received an in-principle approval for a capital markets services license from the MAS.
• Using blockchain tech, Fraxtor can convert real estate properties into digital tokens that investors can purchase for a fraction of the price, allowing the platform to aggregate funds across hundreds or even thousands of different investors.
• Before the latest round, the startup had raised US$400,000 in seed capital from its founders, and also received grants from Enterprise Singapore and MAS.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.