ALT DRX, a funded home-grown startup from Bangalore, has launched the World's first stock exchange like, Digital Real Estate Marketplace, allowing Indians to invest in dematerialised Real Estate, 1 SQFT at a time. ALT DRX will allow owners of these real estate assets to dematerialise their real estate ownership, into Tokenised Tradeable Digital Assets, i.e., say a 50,000 sqft building being Tokenised into 50,000 Tradeable Digital Assets, each of which hold the economic value, proportionate to 1 SQFT of the said property.

The start-up, with an India first launch strategy has raised in a seed round, US$ 1.6 mn in equity and $ 2.0 mn in callable mezz debt for co-investing into real estate assets. ALT DRX has in its seed rounds, seen investor participation from one of India's top law firm, renowned family offices, successful start-up founders, unnamed senior professionals from Development Bank of Singapore, Ernst & Young, HSBC, Volvo, Salesforce amongst others. The Platform has also set up a unique Development Management Company for building income generating alternate real estate assets in partnership with the Kolte Patil Family Office.