Companies & Markets

TN Cybertech raises US$3,8m through tokenisation

Kudzanai Gerede, Companies and Market Editor01.6K views

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.

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.…

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