Hoboken, NJ-based Balcony Technology Group has successfully secured Pre-Seed funding, with the exact amount remaining undisclosed. The funding round saw support from Blizzard Fund. The company plans to utilize this capital to further grow its operations and invest in development efforts for its innovative solutions.
The primary focus of Balcony Technology Group is on revolutionizing the real estate industry by collaborating with governments and harnessing the potential of blockchain technology to facilitate secure and transparent transactions. Their solutions aim to streamline processes, safeguard government records, enhance transparency, and usher the industry into the digital era. One of Balcony’s key achievements is the development of a purpose-built real world asset (RWA) blockchain platform, specifically tailored to meet the requirements 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, ensuring the utmost level of data security and integrity.
With this recent funding injection, Balcony Technology Group is well-positioned to further advance its mission of modernizing the real estate sector and driving innovation through blockchain technology.