Seed round fuels new product features and scale white label tokenization platform to help brands launch their own branded digital asset marketplaces.
BetaBlocks, a Miami-based digital asset infrastructure company, announced $1.5M in Seed funding. The round was led by E3 Negócios, Ocean Azul Partners, and SaaS Ventures.
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As part of the investment, E3’s Investment Director, Bruno dos Santos, will join the BetaBlocks board and Ocean Azul’s Partner, Salomon Sredni, will take a board observer seat.
While SaaS Ventures has invested in 27 States and Canada, BetaBlocks is its first investment in Miami. Collin Gutman, Managing Partner, and Seth Shuldiner, Partner, relocated to Miami last year where they intend to continue investing in South Florida’s most promising founders.
BetaBlocks was founded in 2018 and has helped companies such as Magic Leap, Ohm Health, and Blackdove navigate the world of digital assets and privacy.
After concluding the Endeavor ScaleUp program, BetaBlocks decided to launch a white-label asset tokenization platform, “It was a natural progression as many of the challenges boiled down to tooling and infrastructure for companies to offer digital assets without losing brand appeal,” said BetaBlocks’ CTO, Antonio Manueco.
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BetaBlocks’ CEO, Roberto Machado, expressed that “in addition to the current hype surrounding NFTs, we believe that most existing assets such as stocks, debt, real estate, art, and other physical goods will be tokenized leveraging distributed ledger technology for liquidity, 24/7 trading, fractional ownership, and governance.”
The funding will mainly be used for scaling the product and engineering teams. BetaBlocks’ platform allows companies to create their own digital asset marketplaces, use predefined templates for their storefronts, and select à la carte features. The modular architecture also allows more technical teams to leverage an API service layer to launch their own storefronts.
BetaBlocks’ platform allows for the minting of digital assets (images, music, and videos), auctioning or fixed priced payments, crypto and fiat checkout options, primary and secondary sales options, royalties, crowdfunding securities, and a robust drag and drop dashboard that removes the need for any type of software development.
BetaBlocks recently opened its first international office in Brazil and it is currently expanding locally.
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