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BNB Chain RWA Project Renaiss Raises $1.5 Million

Source
JH Kim

Summary

  • Renaiss, a BNB Chain-based real-world asset (RWA) liquidity infrastructure project for physical collectibles, said it raised $1.5 million in funding.
  • The funding round included Easy Labs, Gate Ventures and Hash Global.
  • Demand for investment in physical asset tokenization and liquidity infrastructure is continuing despite weaker sentiment toward the RWA sector.

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Photo: Shutterstock
Photo: Shutterstock

Renaiss, a BNB Chain-based real-world asset liquidity infrastructure project for physical collectibles, has raised $1.5 million.

Easy Labs led the funding round, with Gate Ventures and Hash Global also participating, The Block reported on June 18.

Renaiss plans to use the proceeds to expand its Vault network and enter new collectibles categories.

It will also invest the capital in stronger product and ecosystem integration, improved capital efficiency and global expansion.

Renaiss aims to convert physical collectibles into on-chain assets and build liquidity infrastructure around them.

Demand for investment in physical asset tokenization and liquidity infrastructure remains intact even as sentiment toward the broader RWA sector has weakened, according to the report.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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