RWA blockchain platform Balcony raises $12.7 million in seed funding.

CoinFeed reported on May 8th that Balcony, an RWA infrastructure based on the Avalanche blockchain, announced the completion of a $12.7 million seed round of financing, led by Blockchange Ventures. This brings its total funding to $14 million. The new funds will be used to deploy its on-chain real estate trading and asset settlement service platform in the US market, integrating fragmented property records into a tamper-proof digital register, while also utilizing AI detection technology to combat title fraud.