Xend Finance, Risevest Launch Tokenization Platform in Africa
Xend Finance is launching a decentralized finance platform in Africa to provide tokenized access to global real estate and stock markets, in partnership with Risevest. The platform allows users to invest in fractional shares starting at $5 using stablecoins like USDt and USDC. This initiative aims to facilitate secure and transparent wealth-building for young Africans. The launch aligns with the growing interest in real-world asset (RWA) tokenization in Africa, with ongoing projects like LIDO NATION and Empowa. Nigeria ranks second globally in crypto adoption, with other Sub-Saharan countries also showing significant interest. Stablecoins represent 43% of crypto volume in Sub-Saharan Africa, serving as a hedge against inflation and enabling cost-effective transactions. RWA tokenization is expected to enhance access to the global financial system for individuals in Africa.
