Two South African crypto trading platforms have merged with an Austrian digital asset platform to jointly launch an alternative investment platform called Altify

ChainCatcher news, according to News.bitcoin, two South African cryptocurrency trading platforms, Revix and Bitfund, have merged with an Austrian digital asset platform to create a new alternative investment platform called Altify. According to a joint statement, Revix founder Sean Sanders has been appointed as the CEO of the new entity headquartered in London.

The three companies stated in a statement on November 30 that Altify aims to provide ordinary people with access to alternative investment opportunities that are typically reserved for large institutions and ultra-wealthy individuals. These alternative investment opportunities include private credit (private debt), venture capital, real estate, crypto assets, and collectibles.

At the same time, the statement revealed that the merger transaction has received support from the shareholders of each company. This includes Sabvest, CVVC, Founders Factory, Emurgo, High-Tech Gründerfonds, and Calm/Storm Ventures. The merger has also garnered support from angel investors Frank Westermann and Johann "Hansi" Hansmann.