Assetrix Launches Platform to Revolutionize Real Estate Investment in Nigeria
Nigeria’s real estate sector faces significant challenges, with a staggering 70% of projects stalling mid-construction due to funding gaps, opaque management, and a lack of transparency. This results in billions of dollars in trapped capital and unfinished buildings. Recognizing these issues and the untapped potential of diaspora investment, Assetrix is launching a platform designed to bring trust and liquidity to the market.
Fractional and Direct Investment Opportunities
Assetrix offers a new approach to real estate investment by providing both fractional and direct investment options, with entry points as low as $500 or its equivalent. A key feature of the platform is its use of tokenization for fractional investments. Digital tokens represent verified shares of property projects, creating transparent and easily tradable ownership records. This is made possible through a partnership with Sycamore, an SEC-licensed firm that manages treasury and compliance functions, ensuring regulatory adherence and investor security. Founded by Mayowa Adeosun, who also co-founded Sycamore and Bedrock Residences, Assetrix aims to address the challenges faced by both developers seeking funding and diaspora Nigerians looking for secure investment channels. The platform presents an innovative solution to unlock the potential of the Nigerian real estate market.
By leveraging tokenization and establishing transparent investment processes, Assetrix seeks to provide a reliable and accessible platform for real estate investment in Nigeria, ultimately contributing to the completion of stalled projects and fostering economic growth.
Keywords
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