Balcony Technology Group, a technology firm based in Hoboken, New Jersey, has successfully raised Pre-Seed funding, the amount of which remains undisclosed. This funding round aims to support the company’s expansion initiatives and bolster its ongoing development efforts.
The company, Balcony Technology Group, specializes in blockchain infrastructure with a focus on modernizing real estate processes. By collaborating with governmental entities, they harness the power of blockchain technology to ensure secure and transparent transactions. Their innovative solutions not only streamline operations but also enhance the security of government records, promote transparency, and drive the real estate sector towards digital transformation.
Balcony Technology Group’s flagship product is a purpose-built Real World Asset (RWA) blockchain platform designed specifically to meet the unique needs of governments and institutions. This platform facilitates secure on-chain transactions and asset settlement, providing a robust and efficient ecosystem. Utilizing a federated network, Balcony’s subnet combines the transparency of public blockchains with the security features of private networks, ensuring the utmost level of data security and integrity.
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By Proptechbuzz
By Ravi Kumar
