iHub, the Kenyan innovation hub partnered with Raise, a local startup to fully digitize its company assets. Raise is a company with a Blockhchain Based Platform that helps manage compliant digital securities in the frontier market. This partnership is quite new in the scene and iHub will be the first to fully tokenize their assets in the whole of Africa.
According to its founder, Marvin Coleby, Raise aims to aid easier management and trade of corporate assets through its platform which is fully integrated with Blockchain Technology.
“We’re excited to partner with iHub to create their security tokens and look forward to the future of creating more accessible and liquid private markets for investors with the use of blockchain-based digital securities in frontier markets,” he said.
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Coleby continued “It makes absolute sense for iHub to take this step as it has been a major catalyst for regional technology innovation in East Africa, nurturing one of the most vibrant innovation and entrepreneurship ecosystems on the continent. iHub aims to create an environment of trust and experimentation and in this case, it is leading from the front by securitising its assets on blockchain technology.”
Nakeska Were, the managing director at iHub also expressed the initiative’s commitment to simplifying the raising of capital for the growing businesses.
“The Raise platform promises to radically transform how businesses raise money and we hope this will lead the way for more startups in our community to follow suit,” she further added.
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