Balcony Technology Group Closes Pre-Seed Funding

Balcony Technology Group, a Hoboken, NJ-based blockchain infrastructure company, raised an undisclosed amount in Pre-Seed funding.

Backers included Blizzard Fund.

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

Balcony Technology Group is a technology company committed to modernizing real estate by working with governments and leveraging blockchain technology for secure, transparent transactions. Its solutions streamline processes, make government records secure, increase transparency, and propel the sector into the digital age. Balcony has strategically created a purpose-built real world asset (RWA) blockchain platform, which is specifically designed to meet the needs of governments and institutions, providing them with a secure and efficient platform for on-chain transactions and asset settlement. As a federated network, Balcony’s subnet blends the transparency of public blockchains with the security of private networks, ensuring the highest level of security and data fidelity.