TechFlow reported on March 11 that, according to Fortune, Arda, a blockchain startup founded by Oli Harris, former head of digital asset strategy at JPMorgan Chase, has raised $3 million in pre-seed funding led by Lightshift Capital. Arda aims to revolutionize the real estate industry through blockchain technology by providing a digital platform for the real estate economy that uses distributed ledger technology to store data.
Harris said Arda will serve as a central "operating system" for property ownership, helping other companies execute transactions by aggregating data and building blockchain infrastructure. The platform will create an "evolving historical record" for each property—similar to CARFAX for used cars or personal credit scores—enabling buyers, sellers, and financial institutions to instantly access verifiable, tamper-proof records.
Arda plans to generate revenue through fixed fees for accessing real estate data, as well as transaction fees for updating specific property data and processing transactions. The funding will be used to develop a product prototype, hire engineers, and establish partnerships with real estate developers and related businesses.
