Thai real estate investment firm Avantis has completed a Series A funding round of approximately $2.83 million to launch its digital asset tokenization platform.

According to BlockBeats news on June 28th, Thai real estate investment company Avantis announced the completion of 100 million baht (approximately 2.83 million US dollars) in Series A financing, led by J Ventures Company Limited (JVC) and Rende Development Company Limited, according to the Bangkok Post. Avantis stated that the new funds will drive the company's launch of a digital asset tokenization platform called "SANGA", which will promote the issuance of digital land ownership contracts by converting them into virtual plots or NFTs. "SANGA" is also expected to expand into the digital banking field and is expected to launch within the next 1-2 years.