Fraktion, an investment platform built on the Tezos blockchain, raised $1.1 million in funding to accelerate its development, aiming to expand its impact on the real-world asset sector.
Expanding Operations
The financing led by Tezos Foundation, Vox Capital, and Cabrit Capital will enable Fraktion to deepen its impact in the real-world asset sector. According to CEO Vincent Pastor, the team is thrilled to take this step with the support of their investors. Fraktion has already partnered with the private real estate investor network Kapi Club to manage joint high-value investment projects.
Other Benefits of the Initiative
The $1.1 million funding will allow Fraktion to boost adoption among private market companies seeking efficient tools to manage their investment projects and launch features such as collateralization. Additionally, it will enable the company to expand its presence in Europe and Asia. Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation, remarked that Fraktion is delivering on the promise of blockchain technology by democratizing investments in physical assets.
The acquisition of $1.1 million in seed funding illustrates investor confidence in Fraktion's potential. The platform intends to expand its influence and capabilities to meet the growing market needs.
