Real estate investment platform, Addy, reveals its most significant update to date
In a significant move, Canadian investment platform addy is evolving beyond its original vision, aiming to build a "Marketplace for Alternative Investing." This transformation, which is currently underway, was first announced in 2024.
Since 2020, addy has been revolutionising the investment landscape in Canada, allowing citizens to invest in specific real estate projects with as little as one dollar. In 2023, the platform was opened up to all Canadians, and in the same year, addy launched a credit opportunity onto its digital investment platform for the first time.
The latest development in this journey is the introduction of a new app system, which is described as a gateway to more alternative investments, faster and smoother, with a wider choice across web, Android, and iOS. This upgrade is part of addy's evolving vision to build a Marketplace for Alternative Investing.
Each wallet card, a new feature of the upgraded app, grants access to a specific Exempt Market Dealer's unique investment opportunities. Dealers will now manage their own wallet cards, which may speed up payouts. A Legacy Card will also be introduced to hold a user's past investments and manage active distributions from said past investments.
In addition to these changes, Atlas One Digital Securities and Equivesto Canada have joined the addy platform, with more dealers scheduled to onboard. This increase in the number of issuers is expected to provide more investment opportunities for users.
In 2024, addy announced its commitment to expanding investment opportunities that cater to various investor preferences and risk profiles. This commitment is in line with the company's ongoing efforts to democratise investing and make it accessible to everyone.
In a recent collaboration, addy partnered with Canadian television star and real estate guru Scott McGillivray. This partnership is expected to further boost addy's presence in the investment market and attract more users to the platform.
While there are no recent publicly available updates about the Addy app transforming into a Marketplace for Alternative Investing, including specific details on wallet cards or participating Exempt Market Dealers, it is clear that addy is on a mission to revolutionise the investment landscape in Canada. For the latest updates and more information, it is recommended to visit addy's official website or follow their press releases.
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