Bengaluru-based digital real estate startup Alt DRX, which focuses on tokenized property investments, has raised ₹23 crore in a funding round led by institutions including Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital. The round also saw participation from notable individual investors such as cricket commentator Harsha Bhogle, Mindtree founder Parthasarathy, and former KPMG India CEO Richard Rekhy.
Alt DRX will use the funds raised to acquire customers, upgrade its technology infrastructure, and cover operational expenses as it prepares for its next phase of growth.
Founded by Anand Narayanan, Alt DRX enables fractional ownership of residential real estate by allowing users to buy tokenized units measured in square feet. An algorithmic pricing model powers the transactions, and the platform builds them on blockchain infrastructure, making real estate investing more accessible and transparent.
The platform runs on XRPL Ripple’s blockchain and uses a custodial ledger system that supports KYC-approved users, ensuring secure digital ownership and verifiable transaction history.
Alt DRX is also expanding its global footprint by participating in Qatar Financial Centre’s Digital Assets Lab and IFSCA’s innovation sandbox at GIFT City in India.
A BCG and Ripple report suggests that tokenizing real-world assets could reach a value of $18 trillion by 2033, with real estate emerging as one of the most significant segments. Currently, Alt DRX processes around 100,000 transactions annually, underlining its growing traction in the digital real estate space.
With strong backing from institutional investors like Qatar Development Bank and prominent individuals, Alt DRX is well-positioned to scale its operations, enhance its technology, and further its mission of making real estate investment more accessible through tokenization. The funding marks a significant step forward in its journey to transform how people invest in property using blockchain technology.
