Risevest Secures U.S. Broker-Dealer License, Launches Africa's First Real Estate & Stock Market Tokenization Platform
Risevest, a leading digital wealth management platform, has secured a significant boost with a broker-dealer license in the United States. This move, coupled with a strategic partnership, paves the way for a novel investment platform in Africa, focusing on real estate and stock markets today.
Risevest, based in Nigeria, has joined forces with Xend Finance to launch a platform offering tokenized access to global real estate and stock markets. The new platform, built on Asset Chain, a high-performance blockchain optimized for real-world asset tokenization, aims to overcome regulatory barriers and limited access to dollar-based investments in Africa and emerging markets.
The platform enables users to invest in international markets by purchasing fractional shares through tokenization, with a minimum entry point of just $5. This low barrier to entry is set to democratize investment opportunities, addressing high minimum thresholds and local currency devaluation. Asset Chain's zero gas fees and real-time stablecoin settlements further enhance the platform's accessibility and efficiency.
Stablecoins like USDT and USDC play a crucial role in facilitating access to dollar-based assets, a critical aspect of the platform's appeal. Nigeria, home to both Risevest and Xend Finance, ranks second globally for crypto adoption, with stablecoins being a vital part of its thriving ecosystem. Real-world asset tokenization is identified as a promising use case that could further accelerate crypto adoption across Africa.
The new platform, a result of Risevest's partnership with Xend Finance, is set to revolutionize investment in Africa. By leveraging Risevest's U.S. broker-dealer license, Asset Chain's innovative blockchain, and stablecoins, the platform offers users a gateway to global real estate and stock markets today with a low entry point. This development is poised to reshape investment landscapes in Africa and beyond.
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