Fraktion is a tokenization and securities crowdfunding enabler that is powered by Tezos. The France-based company recently announced Seed funding of €1.1 million, backed by Tezos as well as Cabrit Capital, Vox Capital, and other angel investors.
Fraktion is focusing on real-world assets, specifically real estate investments.
It was not immediately clear if Fraktion is approved under MiCA.
According to its website, the issuance of securities using blockchain will streamline the process while keeping costs under control. AML/KYC compliance is automated as are SPVs.
Founded in 2021, the white-label service aims to:
- Structure an investor club without legal advice
- Optimize investor onboarding and automate administrative processes.
- Monitor the progress of deals in real-time and the management of financial flows.
- Simplify and automate revenue distribution.
A secondary market is on the roadmap, as well as international expansion plans.
Vincent Pastor, CEO of Fraktion, said they are positioning their platform as a key player in the private security sector while enabling customers to efficiently structure their offerings.
Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation, described the company as a great example of what’s possible on Tezos.