PANews reported on February 17 that Stake, a digital asset real estate investment platform, has raised $31 million in its Series B funding round. The round was led by Emirates NBD, with participation from Mubadala Investment Company, Middle East Venture Partners (MEVP), Property Finder, STC NICE, Wa'ed Ventures, GFH Partners, and Ellington Properties.

The funds will be used to invest in artificial intelligence, tokenization, and new product development. The company raised a total of $5 million in its seed round; $8 million in pre-Series A funding; $14 million in Series A funding; and has now raised $31 million in Series B funding, bringing its total to $58 million.