Balcony, a real-world asset infrastructure project built on Avalanche, completed a $12.7 million seed round led by Blockchange Ventures. The raise brings the company’s total funding to $14 million. According to the source, the new capital will be used to expand Balcony’s U.S. launch of an on-chain (recorded on blockchain) real estate trading and asset settlement platform. The announcement points to continued interest in tokenized real-world assets, a segment of crypto focused on bringing traditional assets such as property onto blockchain-based systems for trading and settlement.