SEC APPROVES DREAMCITY CAPITAL
1. Approval-in-Principle by SEC:
- The Security and Exchange Commission (SEC) has granted DreamCity Capital, a digital real estate investment platform in Nigeria, an "Approval in Principle."
- This approval indicates that the proposal or application is acceptable, subject to meeting certain conditions or further requirements.
2. Company Background and Milestone:
- DreamCity Capital is a platform designed to revolutionize real estate investing in Nigeria by leveraging digital technology.
- The approval marks a significant milestone for DreamCity Capital, positioning it as a key player in Nigeria's digital asset platform ecosystem.
3. Vision and Offerings:
- DreamCity Capital aims to make real estate investing accessible to small and medium retail investors.
- The platform offers equity investment opportunities in pre-vetted and commercially driven real estate projects.
- Investors can acquire equity ownership in these projects through the digital platform.
4. Innovative Investment Model:
- DreamCity Capital's platform is designed to individualize investment offerings, streamline stake-ownership, and ensure transparent administration of real estate assets.
- The platform operates under a special purpose company framework, which warehouses investor equity and assets, providing a secure and efficient model for real estate investing.
5. Regulatory Incubation Programme:
- The approval was granted under the SEC's Accelerated Regulatory Incubation Programme.
- This program is part of SEC’s broader effort to encourage innovation within Nigeria’s capital market while ensuring robust investor protection.
6. Commitment to Regulatory Standards:
- DreamCity Capital’s inclusion in the Accelerated Regulatory Incubation Programme highlights the company’s commitment to adhering to regulatory standards while driving innovation in the real estate sector.
7. CEO’s Remarks:
- Benjamin Akhamere, CEO and Managing Director of DreamCity Group, expressed excitement about the approval, emphasizing the company’s vision to revolutionize real estate investing in Nigeria.
1. Approval-in-Principle by SEC:
- The Security and Exchange Commission (SEC) has granted DreamCity Capital, a digital real estate investment platform in Nigeria, an "Approval in Principle."
- This approval indicates that the proposal or application is acceptable, subject to meeting certain conditions or further requirements.
2. Company Background and Milestone:
- DreamCity Capital is a platform designed to revolutionize real estate investing in Nigeria by leveraging digital technology.
- The approval marks a significant milestone for DreamCity Capital, positioning it as a key player in Nigeria's digital asset platform ecosystem.
3. Vision and Offerings:
- DreamCity Capital aims to make real estate investing accessible to small and medium retail investors.
- The platform offers equity investment opportunities in pre-vetted and commercially driven real estate projects.
- Investors can acquire equity ownership in these projects through the digital platform.
4. Innovative Investment Model:
- DreamCity Capital's platform is designed to individualize investment offerings, streamline stake-ownership, and ensure transparent administration of real estate assets.
- The platform operates under a special purpose company framework, which warehouses investor equity and assets, providing a secure and efficient model for real estate investing.
5. Regulatory Incubation Programme:
- The approval was granted under the SEC's Accelerated Regulatory Incubation Programme.
- This program is part of SEC’s broader effort to encourage innovation within Nigeria’s capital market while ensuring robust investor protection.
6. Commitment to Regulatory Standards:
- DreamCity Capital’s inclusion in the Accelerated Regulatory Incubation Programme highlights the company’s commitment to adhering to regulatory standards while driving innovation in the real estate sector.
7. CEO’s Remarks:
- Benjamin Akhamere, CEO and Managing Director of DreamCity Group, expressed excitement about the approval, emphasizing the company’s vision to revolutionize real estate investing in Nigeria.