South African Crypto Platforms Merge to Create Altify
Revix and Bitfund, two South African crypto exchange platforms, have joined forces with an Austrian digital asset platform to establish Altify, a new alternative investment platform. The CEO of Revix, Sean Sanders, has been appointed as the CEO of the newly formed entity, which is headquartered in London.
Opening Up Alternative Investment Opportunities
Altify aims to democratize alternative investments that are typically only available to large institutions and the ultra-wealthy. The platform will offer opportunities such as private credit, venture capital, real estate, crypto assets, and collectibles to ordinary investors.
Expanding Investment Reach in South Africa
The merger not only strengthens Altify’s position in the South African market but also allows for increased investment reach. The ultimate goal is to provide South African investors with access to alternative investments and position Altify as the go-to platform in South Africa and the EMEA region.
Changing Perceptions of Alternative Investments
Altify also aims to challenge the perception that only older individuals should engage in alternative asset investments. The merger has received support from shareholders of the participating companies, as well as various angel investors and venture capital firms.
Hot Take: Altify Paves the Way for Inclusive Investing
Altify’s merger of South African crypto platforms and an Austrian digital asset platform represents a significant step towards inclusive investing. By offering alternative investment opportunities to everyday investors, Altify aims to break down barriers and enable individuals to diversify their portfolios. This collaborative effort addresses the gap between traditional wealth management and the accessibility of alternative assets. Altify’s emergence signals a shifting paradigm in the investment landscape and opens doors for a new generation of investors in South Africa and beyond.
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