from DION HENRICK in Cape Town
Western Cape Bureau
CAPE TOWN, (CAJ News) – A STRATEGIC partnership has been signed to unlock the value of Africa’s mineral wealth through blockchain technology.
LifeSite, the developer of the Web3 tokenisation platform TokenX, and the Africa Minerals Strategy Group (AMSG), Verichain Technologies and GTIF Capital have signed the deal.
They assured this agreement sets in motion a transformative initiative to enhance transparency, traceability and monetisation across the continent’s vast minerals sector.
This collaboration, operating under the Africa Minerals Tokenization Initiative (AMTI) marks a pivotal step in the Real-World Asset (RWA) Tokenization movement, where tangible assets like minerals are digitized into tradable tokens, unlocking significant liquidity and attracting borderless investment.
Moses Engadu, Secretary-General of AMSG, said with AMSG’s continental mandate, LifeSite’s TokenX platform, Verichain Technologies’ blockchain security expertise and GTIF’s infrastructure expertise, they were creating a robust digital framework that addresses the unique challenges of mineral tokenisation in Africa.
“This landmark partnership is more than a technological leap. It is a strategic move toward Africa’s financial sovereignty empowering our nations to take full ownership of their natural resources for the benefit of current and future generations,” he said.
Engadu said by forging this digital ecosystem, the partners would ensure end-to-end transparency in mineral sourcing, attract responsible investment, and enable member African countries to control, value, and benefit from their natural resources.
Chris Wong, CEO of LifeSite, concurred.
He said they were redefining mineral asset ownership and economic empowerment through blockchain innovation by unlocking liquidity and long-term value from Africa’s natural resources.
“This collaboration sets a new standard for sustainable investment and inclusive value creation across emerging markets,” Wong said.
Analysts project the RWA tokenization market to exceed US$16 trillion globally by 2030, and this partnership is poised to drive Africa’s financial sovereignty and unlock new capital opportunities for the continent.
Africa is lauded as the world’s most endowed continent in minerals.
– CAJ News