Real estate tokenization company Arda completes $3 million Pre-Seed round financing, led by Lightshift Capital

ChainCatcher news, according to Fortune, blockchain startup Arda, founded by former JPMorgan digital asset strategy head Oli Harris, has completed a $3 million Pre-Seed funding round led by Lightshift Capital. Arda aims to reform the real estate industry through blockchain technology, providing a digital platform for the real estate economy and using distributed ledger technology to store data.

Harris stated that Arda will serve as a central "operating system" for property ownership, helping other companies execute transactions by aggregating data and building blockchain infrastructure. The platform will create a "continuously evolving historical record" for each property, similar to CARFAX for used cars or personal credit scores, enabling buyers, sellers, and financial institutions to access verifiable and tamper-proof records instantly.

Arda plans to achieve profitability by charging a fixed fee for viewing real estate data, as well as transaction fees for updating specific property data and processing transactions. The funding will be used to develop product prototypes, hire engineers, and establish partnerships with real estate developers and related businesses.