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Crypto Union And Zaddex Aim to Empower SMEs in West Africa Using STOs

Crypto Union And Zaddex Aim to Empower SMEs in West Africa Using STOs
Crypto banking startup, Ø Crypto Union, and newly launched digital asset exchange, Zaddex, have entered into a joint venture that aims to boost the SME market in West Africa through the launch of a security token platform.
STOs for SMEs in Cote d’Ivoire
According to a statement by Ø Crypto Union, the joint venture with Zaddex seeks to further the blockchain banking startup’s agenda of empowering small and medium-sized businesses in Africa.
The partnership will enable West African SMEs – initially to based in Côte d’Ivoire – to receive access to funding through a new security token platform. The plan is to expand across the whole West African Monetary and Economic Union (UEMOA) by offering equity and debt financing via asset-backed loans and e-money.
Côte d’Ivoire’s Trade Ministry, the regional stock exchange BVRM , and other government agencies have documented the agreement. Moreover, Zaddex is fully licensed to operate in West Africa.
Ø Crypto Union has committed to invest in 150 small businesses in the Côte d’Ivoire to accelerate economic development in local economies and the nation’s SME market.
The post Crypto Union And Zaddex Aim to Empower SMEs in West Africa Using STOs appeared first on BitcoinAfrica.io .

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