SEC grants preliminary approval to DreamCity Capital

The Securities and Exchange Commission (SEC) has granted an “Approval-in-Principle to a real state investment firm, DreamCity Capital under the Accelerated Regulatory Incubation Program (ARIP).

This milestone marks DreamCity Group as a prominent player in Nigeria’s emerging “digital asset offering platform” ecosystem.

The approval enables DreamCity Capital to revolutionize real estate investing by providing equity investment opportunities to small and medium retail investors through its innovative digital platform.

This platform allows investors to acquire equity ownership in pre-vetted, fully funded, and greenfield commercially driven real estate projects, offering a secure and efficient model for real estate investment.

DreamCity Group’s CEO/MD, Benjamin Akhamere, expressed excitement over this development, emphasizing the company’s commitment to leveraging digital technology to make real estate investing accessible to a broader audience.

“The approval is part of SEC’s broader effort to foster innovation within the capital market while ensuring robust investor protection,” said Akhamere.

“DreamCity Capital’s inclusion in this program underscores our commitment to adhering to regulatory standards while driving innovation in the real estate sector.”