$9.51 Million Raised For Real-World Asset Tokenization Platform FortunaFi

$9.51 Million Raised For Real-World Asset Tokenization Platform FortunaFi

FortunaFi, a real-world asset (RWA) tokenization platform, has raised a total of $9.51 million in funding. According to The Block, the funding was raised across two rounds, with a $3.16 million seed round closing in December 2023 and a $6.35 million seed round closing in October 2021. The funding round was led by investors including Shima Capital and Manifold, and brings the company's valuation to $48 million. FortunaFi is building a protocol to tokenize real-world assets, starting with real estate. The company's platform allows users to tokenize real estate assets and trade them on a decentralized exchange. FortunaFi's goal is to make it easier for investors to access and trade real estate assets, and to provide liquidity to the real estate market. The company is set to launch its stablecoin protocol, Reservoir, in June. Reservoir will be a decentralized stablecoin backed by a basket of real-world assets. The stablecoin will be used to facilitate the trading of real estate assets on the FortunaFi platform. FortunaFi's platform is currently in beta, and the company is working with a number of partners to tokenize real estate assets. The company plans to launch its platform to the public in the coming months.