Xend Finance, Risevest launch tokenized stocks platform in Africa

The platform allows investors in Africa to access global real estate and stock markets through tokenized fractional shares using stablecoins.

Xend Finance, a decentralized finance project backed by Binance and Google, is launching a platform in Africa to offer tokenized access to global real estate and stock markets.

Partners in the launch include Risevest, a digital wealth management platform that offers individual and institutional investors exposure to global markets. The company recently acquired a broker-dealer license in the United States.

According to a May 30 announcement, the new platform will allow users to invest in international real estate and stock markets by purchasing fractional shares via tokenization. The entry barrier is low, starting at $5 when investors use stablecoins such as USDt (USDT) and USDC (USDC).