Assetrix Launches Platform to Democratize Real Estate Investment in Nigeria
Assetrix, a new platform poised to revolutionize real estate investment in Nigeria, has officially launched, aiming to solve critical issues plaguing the sector. Nigeria’s real estate landscape is often marred by stalled projects, with a staggering 70% of developments halting mid-construction, resulting in billions of dollars in locked capital. This is frequently attributed to funding collapses caused by opaque management and a lack of transparency. Assetrix seeks to address these challenges and unlock opportunities for both developers and investors.
Fractional and Direct Investment Opportunities
Assetrix offers a novel approach by providing fractional and direct investment opportunities in real estate projects, with investment amounts starting as low as $500 or the equivalent in local currency. The platform leverages tokenization to facilitate fractional ownership, where digital tokens represent verified shares of a property development. This innovative system dramatically lowers the barrier to entry for potential investors. To ensure regulatory compliance and secure treasury management, Assetrix has partnered with Sycamore, an SEC-licensed firm co-founded by Mayowa Adeosun, who is also a co-founder of Bedrock Residence. Sycamore will oversee all treasury operations and ensure adherence to relevant regulations.
Assetrix’s launch addresses a significant need in the Nigerian market, connecting developers with much-needed capital while simultaneously providing accessible investment avenues for a wider range of individuals, including diaspora Nigerians who remit over $20 billion annually. By increasing transparency and offering fractional ownership, Assetrix aims to unlock the potential of the Nigerian real estate market and reduce the prevalence of stalled projects.
Keywords
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