Bakari is supporting the launch of the Flyt token, which allows investors to subscribe for, transfer and redeem shares in the Flyt Hospitality Fund, an existing South African fund investing in Apart-Hotels in Cape Town.
Due to the analogue and cumbersome infrastructure used today in private markets, investors have to pay high brokerage fees to buy and sell their investments. Through the Flyt token, investors can manage their assets through a trusted and resilient infrastructure. Investors gain full control over their assets and establish a direct relationship with the issuer, removing manual processes and fees incurred by brokers.
