FSCA grants Wealth Migrate licence to offer crowdfunding services

Wealth Migrate, a leading global investment platform, has recently been granted a Category 1 crowdfunding license by the Financial Services Conduct Authority (FSCA), allowing the company to offer crowdfunding services using shares as a financial product category. This significant development not only validates Wealth Migrate's commitment to regulatory compliance but also opens up new investment opportunities for both retail and institutional investors. Riaan van der Vyver, Chief Investment Officer at Wealth Migrate, sat down with CNBC Africa to shed light on how this license will benefit local investors and the company's plans for the future. Van der Vyver explained that Wealth Migrate's crowdfunding model works by offering alternative asset investment opportunities to investors on a digital platform. While the concept may resemble traditional stock markets, the key difference lies in the level of independent administration and cash custody involved in Wealth Migrate's model, adding an extra layer of security and transparency for investors. The platform primarily focuses on unlisted real estate investments but also provides access to other alternative assets like structured notes and green energy projects. These diverse investment options cater to a wide range of investors looking to diversify their portfolios and explore new avenues for wealth creation. Van der Vyver highlighted the three key groups involved in Wealth Migrate's crowdfunding process: the project initiator, investors supporting the idea, and the moderating organization overseeing the transactions. By partnering with reputable sponsors and conducting thorough due diligence on potential investment opportunities, Wealth Migrate ensures that investors have access to high-quality projects with attractive returns. One of the main advantages of Wealth Migrate's crowdfunding platform is its ability to pool smaller investments from individual investors into a specialized investment vehicle, known as a special purpose vehicle (SPV). This aggregation of funds allows Wealth Migrate to negotiate better terms with sponsors, optimize costs, and enhance returns for investors who would otherwise not have access to such exclusive investment opportunities. Currently, Wealth Migrate is actively involved in several projects, including a structured note issued by BBVA, a renowned international bank. This structured note offers investors the opportunity to invest in a diversified basket of car manufacturers, generating a competitive annual return of around 14% in dollar terms. With a strong track record of successful projects and a commitment to delivering value to investors, Wealth Migrate continues to expand its offerings and attract a diverse investor base. The investment minimums on Wealth Migrate's platforms vary to cater to different investor profiles. Retail investors can start investing with as little as $1,000 on the wealth migrate platform, while institutional and high net worth individuals can access exclusive opportunities on the private wealth global platform with a minimum investment of $50,000. Special promotions and events, such as 'Wealthy Wednesdays,' occasionally allow investors to participate in projects for even lower amounts, further democratizing access to investment opportunities across all wealth brackets. In conclusion, the approval of the crowdfunding license by the FSCA solidifies Wealth Migrate's position as a trusted investment platform compliant with regulatory standards. By offering a diverse range of alternative asset investment opportunities and leveraging crowdfunding principles to enhance investor access and returns, Wealth Migrate is poised to revolutionize the way investors participate in global investment markets.