TN CYBERTECH Bank raised US$3,8 million through the tokenisation of ‘illiquid’ 150 Fairview Estate residential properties in Ruwa, marking one of the most innovative investment models in Zimbabwe’s property and fintech space. The tokenisation, which was conceptualised late last year by the bank, also reflects the growing appetite for digitally-administered investment products in the market.…
TN Cybertech raises US$3,8m through tokenisation
Fair Estate was launched in 2018 prior to TN CyberTech rebranding from Steward Bank targeting diaspora home seekers but witnessed slow uptake until recently when the bank introduced the tokenisation programme.