Investors using Xend Finance can now acquire tokenized shares of U.S. assets through Risevest, though regulatory restrictions hinder widespread access across Africa.
In a series of exciting partnerships, global credit and debit card issuer Mastercard, crypto payments platform Moonpay, Nigerian-based fintech Flutterwave, and traditional financial company Risevest are revolutionising investment opportunities for Africans.
Mastercard has partnered with Moonpay to allow users to transact directly with their stablecoin balances, making cross-border transactions more accessible. Meanwhile, Flutterwave has joined Circle's payment network, enabling settling of cross-border transactions using stablecoins.
Risevest, a company incorporating blockchain technology into its product offerings, has partnered with Xend Finance. This collaboration enables Africans to invest in U.S.-based real-world assets using stablecoins. Users can invest in fractional shares of tokenized U.S. stocks and real estate, starting from as low as $5, using USD-pegged stablecoins USDC and USDT.
Risevest manages the selection and management of these tokenized assets, such as ETFs, so users do not have to pick individual tokens. The integration between Xend Finance and Risevest uses Risevest’s API customized for Xend Finance clientele, providing seamless onchain asset access.
This partnership focuses on yield generation for Xend’s stablecoin users while broadening accessible asset types beyond traditional DeFi products. Investments are made in the U.S. market, and yields are earned. The proceeds are then repatriated to Xend Finance.
However, regulatory barriers remain a major challenge for African investors, according to Urum. Despite this, Risevest has announced a U.S. broker-dealer license, allowing access to global markets for African investors. This move effectively bridges African crypto users to U.S. dollar-denominated real assets onchain, leveraging stablecoins for borderless investment and transparency.
[1] Source: CoinDesk, Fintech Zoom, Coin Telegraph, and Risevest official announcements.
- Mastercard's alliance with Moonpay allows users to conduct transactions using their stablecoin balances, facilitating more accessible cross-border payments.
- Flutterwave has integrated into Circle's payment network, enabling the settlement of cross-border transactions using stablecoins.
- Risevest, utilizing blockchain technology, has partnered with Xend Finance, enabling Africans to invest in U.S. assets using stablecoins like USDC and USDT.
- Risevest manages the selection and administration of tokenized assets for users, sparing them from the hassle of picking individual tokens.
- The partnership between Xend Finance and Risevest aims to generate yields for Xend's stablecoin users while increasing the variety of accessible asset types beyond traditional DeFi products.
- Risevest's acquisition of a U.S. broker-dealer license offers African investors access to global markets, bridging the gap between African crypto users and U.S. dollar-denominated real assets on the blockchain, utilizing stablecoins for borderless and transparent investment.
