<article>Singapore-based blockchain-powered real estate investment portal <a href="https://www.dealstreetasia.com/?s=BitofProperty">BitOfProperty</a> has secured an undisclosed seed round of financing led by Japanese real estate and housing information services provider <a href="https://www.dealstreetasia.com/?s=LIFULL">LIFULL</a>.</article>

Singapore-based blockchain-powered real estate investment portal <a href="https://www.dealstreetasia.com/?s=BitofProperty">BitOfProperty</a> has secured an undisclosed seed round of financing led by Japanese real estate and housing information services provider <a href="https://www.dealstreetasia.com/?s=LIFULL">LIFULL</a>.
BitOfProperty, a crowdfunding platform that allows small investments into commercial and residential properties, said the latest funding round followed a pre-seed round led by Singapore-based startup incubator Spaze Ventures.
The startup will use the proceeds from the latest funding round to expand its business and improve its technology, according to co-founder and CEO Karl Vaan.
The idea of BitOfProperty was born when the founders started to look for ways to invest in real estate. What they found was that real estate investing was expensive and legally difficult, while finding information internationally was troublesome.
“That’s when they started looking for ways to bring international real estate investments to the masses &#8211; starting from small amounts, providing transparent ownership structure and carrying out due diligence process for investors,” the startup said in a statement.
BitOfProperty said it harnesses the power of technology to decentralise the real estate market by bringing more transparency and liquidity into international investing.
The startup allows investors to purchase small transactions, called Bits, of established properties as well as new developments. Soon, each Bit can be independently traded regardless of the future sale of the overall property.
A Bit is a unique ERC20 compatibly token on the Ethereum Blockchain, the startup said on its website.
Investors can track their income generated, yield, and overall performance through a dashboard, it added.
&#8220;The BitOfProperty platform is changing the real estate investment industry by making it easier, more transparent, and accessible than ever before. With LIFULL&#8217;s investment, as well as industry expertise and knowledge, we are poised to expand our business aggressively, as well as continue to improve our technology,&#8221; Vään said.
Lead investor LIFULL said its investment into BitOfProperty was influenced by its goal to innovate and vitalize the real estate marketing in Japan using information technology.
&#8220;We believe blockchain technology and sharing economy are key innovations for the future of real estate,&#8221; said LIFULL managing officer Keizo Tsutsui.
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Blockchain-powered real estate investment portal BitofProperty has secured funding from Japanese real estate and housing information services provider LIFULL.

Singapore: Realty investment portal BitOfProperty closes seed funding round

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Singapore: Realty investment portal BitOfProperty closes seed funding round

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