Blockchain expansion in Africa pushed forward by COTI and their Tokenization Council
A New Era for Digital Finance in Africa and the Middle East: The Africa Tokenization Council
The Africa Tokenization Council (ATC) is a groundbreaking initiative aimed at fostering the adoption of blockchain and AI technologies across Africa and the Middle East. This collaborative effort seeks to accelerate digital transformation in emerging economies, unlocking new opportunities for economic growth.
The ATC's mission is to create a compliant, scalable, and efficient ecosystem for tokenized assets on public blockchains. This includes real-world assets such as real estate, bonds, and commodities, which the council aims to bring on-chain to unlock liquidity and new financial opportunities.
One of the key figures driving this initiative is Dr. Mansour Almalik, a senior advisor from Saudi Arabia's Ministry of Petroleum and Mineral Resources. His expertise in energy, financial technology, artificial intelligence, and government affairs is invaluable in navigating the complex landscape of regulatory frameworks.
Joining Dr. Almalik is Alaa Bishara, a seasoned investor with experience in real estate and blockchain-driven investment strategies. Their combined expertise will be instrumental in building a comprehensive and inclusive tokenization ecosystem.
The ATC has also partnered with COTI, a core blockchain infrastructure provider, to offer privacy-enhancing technology. COTI's "Privacy on Demand" feature allows for secure, regulatory-compliant transactions, while its platform provides permissioned privacy functions, enabling regulatory authorities to access compliance-related data while protecting sensitive information.
The financial sector is shifting towards digitized assets, with significant players like BlackRock preparing to drive a $10 trillion tokenization wave. The growing adoption of asset tokenization among major financial institutions globally supports the objectives of the ATC.
The combined economic strength of the MENA region and Africa surpasses $5 trillion, providing a substantial market for the initiative. The ATC aims to bridge the gap between technological innovation and regulatory frameworks, organizing symposiums for government representatives and private sector leaders to discuss regulatory structures and the practical implementation of blockchain-based financial solutions.
The ATC's commitment to financial inclusion aligns with its goal of bridging the gap between technological innovation and regulatory frameworks. A considerable portion of the population in these regions remains unbanked, highlighting the need for digital asset solutions to expand financial accessibility.
In summary, the Africa Tokenization Council acts as a pivotal force making blockchain and AI tools accessible and practical for emerging economies, thereby catalyzing their digital financial ecosystems and positioning them for future growth in a rapidly evolving global digital economy.
[1] Africa Tokenization Council Press Release [3] COTI's Privacy-on-Demand Feature [5] The Growing Adoption of Asset Tokenization
- The Africa Tokenization Council (ATC) recognizes the increasing trend of digitized assets in finance, with major players like BlackRock preparing to drive a $10 trillion tokenization wave, reflecting the finance sector's shift towards digital assets.
- As the ATC strives to create a seamless tokenized assets ecosystem, it collaborates with technology providers like COTI, leveraging advanced features such as COTI's Privacy-on-Demand for secure, regulatory-compliant transactions and permissioned privacy functions for enhanced data protection.
- Acknowledging the potential of digital finance in Africa and the Middle East, the ATC aims to bridge the gap between innovative technologies like blockchain and AI, and sustainable living, home-and-garden practices, and data-and-cloud-computing industries to promote a broader spectrum of economic growth and lifestyle improvements.
- By fostering financial inclusion in regions with a significant unbanked population, the ATC's objective to bridge the gap between technological advancements and regulatory frameworks not only benefits the digital financial ecosystems of emerging economies but also contributes to the promotion of sustainable-living and artistic expressions through the increased access to investment opportunities in various sectors, including art and culture.
