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LABS Group

L17, Silvercord Centre, TST, Hong Kong

Overview

LABS Group operates a digitized real estate investment ecosystem powered by blockchain and community ownership, enabling developers to tokenize and fractionalize resorts and hotels into tradable NFTs. Its core product for consumers and investors is the RTS (Rewarding Timeshare) NFT, which fractionalizes calendar days of a resort into tradable assets with purported lower entry barriers and 24/7 trading. The company raised $3,650,000 for the Kunang Kunang Resort through RTS‑NFT sales and an associated auction. RTS‑NFT holders receive 30 years of staying rights plus on‑site and off‑site discounts and special holder privileges during stays. LABS also offers a crowdfunding and trading platform, a collateralized lending platform, and NFT reward solutions for resorts and hotels. The firm plans to expand its real estate business with more resorts globally, citing prospective plans in Thailand, Cambodia, Indonesia, and Japan, and the Kunang Kunang Resort was in preparation for opening in February. LABS Group provides an end-to-end real estate ecosystem that fractionalizes traditional property assets, enables crowdfunding, and allows trading of tokenized, asset-backed shares via blockchain and smart contracts. The platform is designed to increase accessibility, liquidity, and transparency for property developers and investors. LABS emphasizes a borderless ecosystem connecting property developers, investors, and regulated exchanges. The team and advisors combine traditional real estate, finance, and blockchain expertise, and the chairman is a member of Hong Kong’s Harilela family. LABS has formed strategic partnerships worldwide, including a partnership with RioDefi, and reports activity across America, Europe, Greater China, and the Middle East. The company has received strategic investments as it expands its platform, most recently from YBB Foundation.

Total raised
$4M
Funding rounds
2
Latest round
Equity
Latest activity
Jul 2021

Industries

  • Web3
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Recent funding

  1. Equity

    Jul 2021

    $4M

Team