Blockchain advancement in Africa boosted by COTI's Tokenization Council initiative
Africa Tokenization Council Launches to Boost Digital Economy in Africa and Middle East
The Africa Tokenization Council (ATC), a new blockchain and artificial intelligence initiative, has been launched with the goal of expanding financial accessibility and integrating real-world assets into the digital economy in Africa and the Middle East.
The ATC aims to unify fragmented financial systems by bridging traditional finance and decentralized finance to build an efficient, compliant, and scalable infrastructure for tokenized assets. The council also plans to foster education through shared knowledge, events, and published insights to deepen understanding of tokenization.
In addition, the ATC seeks to advocate for best practices that ensure long-term, regulation-aligned growth of tokenized finance. It also aims to drive adoption by building real infrastructure that enables institutions to tokenize and manage real-world assets on-chain, such as bonds, real estate, and commodities.
To enhance privacy, security, and transparency in tokenized transactions, the council has partnered with COTI, a blockchain infrastructure provider that uses advanced cryptographic methods to allow confidential but compliant asset transactions. COTI's "Privacy on Demand" feature ensures secure, regulatory-compliant transactions.
The ATC also aims to support regulatory alignment in emerging markets, particularly in Africa and the Middle East, to create legal and compliant frameworks for asset tokenization, thus expanding market access and financial inclusion.
The council plans to organize symposiums for government representatives and private sector leaders to discuss regulatory structures and the practical implementation of blockchain-based financial solutions. Dr. Mansour Almalik, a senior advisor from Saudi Arabia's Ministry of Petroleum and Mineral Resources, is a key figure in the council, bringing expertise in government affairs, finance, and blockchain technology.
The financial sector is shifting towards digitized assets, with significant players like BlackRock preparing to drive a $10 trillion tokenization wave. The combined economic strength of the MENA region and Africa surpasses $5 trillion, providing a substantial market with untapped potential for the initiative.
The growing adoption of asset tokenization by major financial institutions globally aligns with the ATC's objectives. The council's platform provides permissioned privacy functions for regulatory authorities, addressing confidentiality concerns in digital transactions.
COTI serves as the core blockchain infrastructure provider for the Africa Tokenization Council, with its CEO, Shahaf Bar-Geffen, and Officer Joshua Maddox involved in the council. Alaa Bishara, a seasoned investor with expertise in real estate and blockchain-driven investment strategies, has also joined the initiative.
The Africa Tokenization Council aims to accelerate digital transformation in emerging economies through innovative blockchain infrastructure and regulatory collaborations, ultimately unlocking real economic value by enabling digital representation and easier transfer of real-world assets, thereby broadening participation in the digital economy and fostering sustainable growth in financial markets across the region.
- The Africa Tokenization Council, in its pursuit to broaden participation in the digital economy, plans to advocate for best practices that ensure long-term, regulation-aligned growth of tokenized finance, driving adoption by building infrastructure for tokenizing assets like bonds, real estate, and commodities.
- To foster education and deepen understanding of tokenization, the ATC plans to organize events, publish insights, and encourage shared knowledge within the industry, technology, and lifestyle sectors, ultimately aiming to unify fragmented financial systems by bridging traditional finance and decentralized finance.
