Xend Finance, a central financing project with the support of Binance and Google, launch a platform in Africa to provide distinguished access to global real estate and securities markets.
The partners include Risevest, a platform for digital wealth management that offers individual and institutional investors exposure to global markets. The company recently acquired Wandering broker license in the United States.
According to the announcement of May 30, the new articles of association will allow users to invest in real estate and international real estate markets by purchasing brick shares through the distinctive symbol. The entry barrier is low, starting at $ 5 when investors use Stablecoins like USDT (USDT) And USDC (USDC).
“This partnership with Xend Finance allows us to provide a dollar -based breaking assets such as American real estate and shares in a smooth energy -powered coordination,” Eic Orom, CEO of Risevest, said in a statement. “It is a change for games for African youth who are looking to build wealth safely, transparent and without barriers.”
https://www.youtube.com/watch?
The launch of the articles of association comes at a time when web3 projects are increasingly looking into Africa as a major market for the real world code (RWA).
Some continuous RWA projects on the continent are Lido Nation attempt For goods code and verification, empowa Use Cardano Blockchain for the code of financial tools in Kenya, and development From the African symbol.
Xend Finance, founded in 2019, based in Nigeria, built the Defi platform on the smart BNB series.
Related to: How to use African creators to solve real problems
Crypting in Africa: a growing market
According to To the geography of Crypto Report for 2024 from Crainalysis, Nigeria, where Xend Finance and Risevest are based second of all countries in the dependence of encryption. Other Sahara-Ethiopia, Kenya, and South Africa-South Africa-won the thirtieth place.
The report shows that Africans adopt encryption for several reasons, including commercial payments, as a hedging against inflation, and smaller transactions. The continent may benefit from the practical use of Crypto.
StablecoinsEspecially those who have been linked to the main Fiat, such as the US dollar, may be one of these cases of use. Stablecoins act as a hedge against inflation and allow companies to deal with other companies and even customers at a lower cost. Stablecoins It represents 43 % of all encryption volume in sub -Saharan Africa.
Distinguished code RWA It is another case of use that may stimulate the dependence of encryption In Africa, allow individuals to reach the global financial system.
magazine: Tradfi builds Ethereum L2S for trillion symbols in RWAS – Interior Story
publish_date
