Alt DRX Revolutionizes Real Estate with ₹23 Crore Funding Success
Alt DRX, India's pioneering Tokenised Digital Real Estate Marketplace, raised ₹23 crore in a Pre-Series A funding round. The company aims to democratize residential real estate investment for Middle India, leveraging blockchain technology via XRPL Ripple. Alt DRX plans to make real estate accessible, secure, and transparent for digital-first investors.
In a game-changing development, Alt DRX, the trailblazing Tokenised Digital Real Estate Marketplace, announced the successful closure of its Pre-Series A funding round, securing ₹23 crore ($2.7 million). The round saw interest from both global entities and eminent Indian investors such as Qatar Development Bank and Times of India Brand Capital.
Focused on reshaping the residential real estate investment landscape, Alt DRX targets Middle India, making real estate more accessible through tokenization. By allowing investors to purchase properties one square foot at a time, the platform promises transparency and secure transactions using blockchain technology.
Operating from Bengaluru, with plans to grow across International Financial Centres, Alt DRX is set on a path to pioneer RWA Tokenization, a market projected to soar to $18 trillion by 2033, as asserted by Boston Consulting Group & Ripple. This move heralds a new era for real estate investors worldwide.
(With inputs from agencies.)
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