Jupiter Exchange Raises $5M in Seed Funding

Jupiter Exchange

Jupiter Exchange, a NYC-based alternative asset exchange using fractional NFT technology, closed on a $5 million seed funding.

The round was led by White Hilt Capital.

The company intends to use the funds to expand operations and its development efforts.

Led by Loren Dealy Mahler, CEO, Jupiter curates iconic objects and makes fractional ownership available to anyone through its digital marketplace and exchange. The company establishes a process where the ownership of each carefully curated item, such as fine art, cars, sneakers, and pop culture memorabilia, is minted as an NFT and fractionalized into individual ownership tokens. Once sold out on the marketplace, the item is listed on the exchange and available through a traditional bid-ask model.