Kenya’s Patamali has developed a groundbreaking decentralised finance (DeFi) platform operating on the Celo blockchain that aims to revolutionise the real estate financing space. Its innovative approach involves tokenising real estate assets as non-fungible tokens (NFTs) and locking them into liquidity pools, providing asset originators with immediate capital based on the value of their assets. We cater to asset originators, including real estate developers, SMEs, and individuals holding valuable assets. Since its inception, Omanga said Patamali had experienced “remarkable uptake”, with a growing number of individuals and institutions embracing its platform as a trusted and efficient means of financing real estate assets. “The positive response from the market validates our value proposition and reinforces our commitment to meet the diverse needs of asset originators and investors,” she said.

Source: The North Africa Journal June 01, 2023 18:02 UTC