Blockchain Infrastructure Firm Balcony Secures Pre-Seed Funding

According to Foresight News, Balcony, a blockchain infrastructure company based in New Jersey, USA, has announced the completion of its pre-seed funding round. The round saw participation from Avalanche Blizzard Fund, however, the specific amount and valuation details have not been disclosed. Balcony is developing a blockchain platform for real-world assets (RWA) aimed at institutions and government agencies. The platform offers secure and efficient on-chain transactions and asset settlement services, with its primary application currently in the real estate sector. The newly acquired funds will be used to expand operations and development efforts.