LABS Group Received Strategic Investment from YBB Foundation to Expand Their Real Estate Ecosystem Platform

Hong Kong — 1 Jan 2021 — LABS Group, the first world’s end-to-end real estate ecosystem platform provider, has announced today they have received a strategic investment from YBB Foundation, a renowned venture capital firm focusing on blockchain infrastructure.

YBB foundation is a venture capital firm that was founded in 2013. They have a strong proven track record in their investment portfolio, investing blockchain projects from Vechain, Block.one, Enjin to the latest overwhelmingly popular projects such as Polkadot and RioDefi. It invests significant time and resources in the portfolio companies, providing relationships, and a strategic network to accelerate value creation.

YBB Foundation sees a huge potential in LABS Group as a game-changer in the real estate market, the world’s largest asset class with a value worth more than $228 Trillion.

said a representative of YBB Foundation.

said LABS Group CEO Yuen Wong.

LABS Group, kick-started in 2018, allows traditional property assets to be fragmented, crowd-funded, and traded through blockchain technology, disrupting the way people invest in real estate.

LABS has gained strategic partnership in the blockchain and real estate space around the world, covering America, Europe, Greater China Region, Middle East, etc. For now, LABS has received strategic investments from some top property fund companies. LABS Chairman is a member of the Harilela family, one of the most prominent families in Hong Kong. In addition, LABS Group recently announced its partnership with RioDefi, a top blockchain technology company that developed RioChain.

The LABS team and advisors consist of a perfect combination of traditional business and blockchain experts, coming from prominent HK families, real estate funds, hotels, publicly listed companies, lawyers, venture capital, blockchain, and board members from multiple fortune 500 companies.

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LABS Group

LABS Group utilizes blockchain, NFT and Web3 tech to disrupt traditional real estate and hospitality industry. Other Social Links: twitter.com/r/LabsGroupio/