Deliver Your News to the World

Bakari Supports the Launch of the First Property-Backed Security Token in Africa


Bakari is supporting the launch of the Flyt token, which allows investors to subscribe for, transfer and redeem shares in the Flyt Hospitality Fund, an existing South African fund investing in Apart-Hotels in Cape Town.

Due to the analogue and cumbersome infrastructure used today in private markets, investors have to pay high brokerage fees to buy and sell their investments. Through the Flyt token, investors can manage their assets through a trusted and resilient infrastructure. Investors gain full control over their assets and establish a direct relationship with the issuer, removing manual processes and fees incurred by brokers.

 The issuance of the Flyt token by a regulated Financial services provider paves the way for the compliant use of blockchain technology in the Emerging Markets’ Financial Sector.Daniel KimberCo-Founder of Bakari 

Bakari is a Swiss company focused on the creation of asset-backed tokenized securities. They have partnered with Tokeny Solutions to deliver the best-in-class tokenization technology. Tokeny Solutions is the leading issuance and management platform with over 35 issuers of securities. The Luxembourg-based FinTech has won accolades from the likes of KPMG, The FinTech50 and welcomed Euronext as their investor last summer.

 The technology is there to issue compliant tokenized securities but the distribution side is still building. Marketplaces like Bakari, with high-quality projects and access to investors are fundamental for this industry to grow. We’re delighted to be working with them and like-minded firms.Luc FalempinCEO Tokeny Solutions 

Bakari has assisted the Flyt Hospitality Fund to offer the benefits of tokenized securities management in an emerging economy, which demonstrates the versatility and efficacy of the technology. Bakari plans on issuing European Securities in 2020 that will showcase the benefits of tokenization in store-of-value assets.

 About Tokeny

Tokeny Solutions enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing them to reach a global audience, enforce compliance obligations, enable automation and increase operational efficiency.

The Luxembourg-based FinTech company is the market-leader in delivering an institutional grade, modular end-to-end platform, allowing for the issuance, transfer and servicing management of tradable digital assets/security tokens, such as tokenized loans, structured notes, equity and funds. Tokeny Solutions has issued multiple tokenized offerings across five continents with further security offerings imminent.

About Bakari

Bakari, based in Switzerland, is a financial services and technology company focused on enhancing the accessibility of alternative investments. | LinkedIn

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.