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Real estate tokenization company Manifest has completed a $2.5 million financing round, led by VanEck Ventures.
According to a report by Blockworks on March 20, Deep Tide TechFlow news states that Manifest, a company focused on bringing U.S. private sale real estate on-chain, has completed a $2.5 million funding round aimed at connecting real estate with Decentralized Finance. This round of financing was led by VanEck Ventures, with participation from Compound, Lattice Fund, and SALT.
The first product of Manifest is USH, an ERC-20 token that provides exposure to U.S. residential real estate through Home Equity Investments (HEI), promising an annual return rate of 13%. HEI is a financial instrument designed specifically to unlock home equity.