Xend Finance and Risevest Launch Tokenized Stocks in Africa
- Xend Finance and Risevest launched a tokenized stocks platform.
- African investors access global markets with low entry requirements.
- Using stablecoins, users can invest starting at $5.
Xend Finance Partners with Risevest for New Stock Platform
Xend Finance and Risevest partnered to create a tokenized stocks platform in Africa. The initiative aims to make global investment accessible using blockchain technology.
Key players include Xend Finance, backed by Binance, and Risevest, a wealth management firm. Eke Urum is leading the initiative, allowing for fractional asset ownership.
African Investors Gain Global Market Access with $5 Entry
The launch impacts investment markets by lowering entry barriers. It provides African investors with the chance to diversify portfolios previously limited to local options.
The use of stablecoins, like USDT and USDC, highlights a shift towards digital finance, potentially affecting traditional banking and equities markets.
Tokenized Stocks Reflect Growing Web3 Movement in Africa
This initiative follows trends of Web3 movements in Africa, like projects by LIDO NATION and Empowa. These seek to empower local economies through blockchain.
Experts suggest this could lead to new economic activities with sustainable growth, driven by digital asset investments and increasing blockchain adoption.
“This partnership with Xend Finance allows us to offer fractional, dollar-based assets like real estate and US stocks in a seamless, blockchain-powered format. It’s a game-changer for young Africans looking to build wealth securely, transparently, and without barriers.” — Eke Urum, CEO, Risevest
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
