VanEck Ventures Leads $2.5 Million Round for Real Estate Tokenization Firm Manifest
Manifest raised $2.5 million to integrate US private equity real estate with DeFi. The funding round was led by VanEck Ventures, with participation from Compound, Lattice Fund, and SALT.
Key points include:
- CEO Nathaniel Sokoll-Ward founded Manifest after exploring the crypto space in Argentina.
- The firm’s first product is USH, an ERC-20 token that offers 13% annual returns through Home Equity Investments.
- Manifest aims to create an asset permissionless environment, unlike traditional real estate tokenization methods that require KYC.
- The firm targets a $35 trillion market by tokenizing mortgages and utilizing connections from Sokoll-Ward’s past mortgage industry experience.
- Future plans include expanding token offerings to other assets typically available only via private equity.
This funding allows Manifest to establish its fund structure and navigate legal requirements for its products.