Xend Finance, a decentralized finance project supported by Binance and Google, is launching a platform in Africa to offer tokenized access to real estate and stock markets.
The launch partners include Risevest, a digital wealth management platform that offers an exhibition to individual and institutional investors in global markets. The company recently acquired A broker license in the United States.
According to an announcement of May 30, the new platform will allow users to invest in real estate markets and international scholarship holders by buying shares fractional via tokenization. The entrance barrier is low, from $ 5 when investors use stablecoins such as the USDT (USDT) and USDC (USDC).
“This partnership with Xend Finance allows us to offer fractional assets based on a dollar such as real estate and American actions in a transparent Food Blockchain format,” said Eke Urum, CEO of Risevest, in a statement. “This changes the game for young Africans who seek to build wealth safely, transparent and without barriers.”
https://www.youtube.com/watch?v=av4beooajdg
The launch of the platform occurs when web3 projects are increasingly considering Africa as a key market in real tokenization (RWA).
Some of the RWA projects in progress on the continent are from Lido Nation attempt To tokenize and check the goods, responsible using The Cardano blockchain to tokenize the financial instruments in Kenya and the development of the Tokenization Council of Africa.
Xend Finance, founded in 2019 and based in Nigeria, built its DEFI platform on the BNB smart channel.
In relation: How African innovators use blockchain to solve real problems
Crypto in Africa: an increasing market
According to At the geography of the geography of the crypto in 2024 of the chain chain, the Nigeria, where Xend Finance and Risevest are based, is classified n ° 2 on all the countries of the adoption of cryptography. Other sub -Saharan countries – Ethiopia, Kenya and South Africa – have made the top 30.
The report shows that Africans adopt the crypto for various reasons, including commercial payments, such as coverage against inflation and for smaller transactions. The continent can benefit from the practical use cases of the crypto.
StableIn particular those fixed to a major fiduciary currency such as the US dollar, could be a use of this type. Stablecoins act as coverage against inflation and allow companies to transform with other companies and even customers at lower cost. Stable represent 43% of the whole volume of cryptography in sub -Saharan Africa.
Rwa tokenization is another user case that can stimulate the adoption of cryptography In Africa, allowing individuals to access the global financial system.
Review: Tradfi built Ethereum L2S for Tokensize thousands of rwas Billions – Inner history