For the the heavily regulated real estate industry to see significant adoption of blockchain–the underlying system that powers popular cryptocurrencies such as Bitcoin and Ethereum–there needs to be reassurance that these new technologies are legal, secure, and above-board. That’s why Fifth Wall Ventures, an L.A.-based venture capital firm focused on real estate technology and which has invested in the likes of Opendoor, is placing a big bet on Harbor, a new startup developing tech to make sure blockchain-based tokens and transactions comply with U.S. laws and regulations, as well as more niche legal requirements from specific business partners. Fifth Wall today announced it has co-led a $10 million Series A funding round in Harbor, with Vy Capital and Valor Equity Partners. Simultaneously, Harbor announced the release of its first product of sorts: the “Regulated Token standard” or “R-Token,” a new, open-source standard for making sure cryptocurrency tokens and any subsequen…
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