Manifest, a NYC-based company providing a financial protocol to bring U.S. private equity real estate onchain in a scalable and liquid form, raised $2.5M in Pre-Seed funding.
The round was led by VanEck Ventures and Lattice Fund, with participation from Compound and SALT.
The company intends to use the funds to support product development and key strategic partnerships to launch $USH, its real estate-backed token.
Led by CEO Nathaniel Sokoll-Ward, Manifest provides a financial protocol that leverages blockchain technology to create financial products. The company also develops $USH, a tokenized real estate vehicle backed by Home Equity Investments (HEIs). It offers:
- Institutional-Grade Exposure: Private equity-style access to U.S. residential, owner-occupied housing, but with liquidity, lower fees, and operational efficiency.
- Massive Off-Market Discounts: Capital is deployed with speed, enabling property investments at ~50% discounts to fair market home values.
- Global Accessibility: Anyone, anywhere can invest in U.S. real estate with the simplicity of buying Bitcoin.
- Tax-Efficient Structure: Designed for perpetual tax deferral, $USH optimize reinvestment potential.
- Composability in DeFi: $USH tokens can be leveraged, borrowed, and used across DeFi protocols for additional yield opportunities.
- Real-Time Transparency: Every asset is recorded onchain, allowing investors the access to portfolio composition, valuations, and collateral health.
FinSMEs
20/03/2025