Hoboken, NJ-based blockchain infrastructure company, Balcony Technology Group, has announced that it has successfully secured Pre-Seed funding. Although the exact amount of funding remains undisclosed, the round saw support from Blizzard Fund. The company plans to use this capital to expand its operations and invest in the development of its groundbreaking solutions.
Balcony Technology Group’s main objective is to revolutionize the real estate industry by collaborating with governments and leveraging the power of blockchain technology to facilitate secure and transparent transactions. Its solutions aim to simplify processes, safeguard government records, enhance transparency, and propel the industry into the digital age. One of Balcony’s key accomplishments is the creation of a custom-built real world asset (RWA) blockchain platform specifically designed to meet the needs of governments and institutions. This platform offers a secure and efficient environment for on-chain transactions and asset settlement. By operating as a federated network, Balcony ensures a unique blend of public blockchain transparency with private network security, guaranteeing the highest level of data security and integrity.
With this recent funding injection, Balcony Technology Group is well-positioned to continue its mission of modernizing the real estate sector and driving innovation through blockchain technology.
