Balcony Technology Group, a Hoboken-based blockchain infrastructure company, has secured Pre-Seed funding with an undisclosed amount. The funding round saw support from Blizzard Fund. The company plans to use this capital to expand its operations and invest in the development of innovative solutions.
The primary goal of Balcony Technology Group is to revolutionize the real estate industry through collaboration with governments and leveraging the power of blockchain technology to facilitate secure and transparent transactions. Their solutions aim to simplify processes, safeguard government records, enhance transparency, and propel the industry into the digital age. One of Balcony’s key achievements is the development of a purpose-built RWA (Real World Asset) blockchain platform designed specifically for governments and institutions. This platform provides a secure and efficient environment for on-chain transactions and asset settlement while ensuring data security and integrity through a federated network approach.
With this recent funding injection, Balcony Technology Group is well-positioned to continue driving innovation in the real estate sector through blockchain technology.