Balcony completes $12.7 million seed round financing

According to Tamradar, the Avalanche blockchain based RWA infrastructure, Balcony, has completed a seed round financing of $12.7 million, led by Blockchange Ventures. At present, its total financing amount has reached $14 million, and the new funds will be used to deploy on chain trading and asset settlement service platforms in the US market, integrate decentralized property records into tamper proof digital registers, and use artificial intelligence detection technology to combat property fraud.