TechFlow News, according to News.bitcoin, two South African cryptocurrency platforms, Revix and Bitfund, have merged with an Austrian digital asset platform to form a new alternative investment platform called Altify. In a joint statement, Sean Sanders, founder of Revix, has been appointed CEO of the newly formed London-based entity.
In a statement released on November 30, the three companies said Altify aims to democratize access to alternative investments traditionally reserved for large institutions and ultra-high-net-worth individuals. These alternative investment opportunities include private credit (private debt), venture capital, real estate, crypto assets, and collectibles. The statement also revealed that the merger has received support from shareholders of each company, including Sabvest, CVVC, Founders Factory, Emurgo, High-Tech Gründerfonds, and Calm/Storm Ventures. The merger is also backed by angel investors Frank Westermann and Johann "Hansi" Hansmann.
