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How Tokenization is Reshaping Land Ownership and Finance in CAR?
How Tokenization is Reshaping Land Ownership and Finance in CAR?
Sputnik Africa
After the launch of the CAR crypto, a memecoin, in February, theCentral African Republic now plans to use it to tokenize over 1,700 hectares of land, as... 04.06.2025, Sputnik Africa
2025-06-04T18:18+0200
2025-06-04T18:18+0200
2025-06-04T18:18+0200
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faustin archange touadera
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Tokenization will transform the economic ecosystem of the Central African Republic (CAR) and will hopefully gain momentum across the African continent, Cameroonian economist Yamb Ntimba told Sputnik Africa.What are the advantages of land tokenization, announced by CAR President Touadera, according to the expert?⦁ it reflects "a modern and realistic" use of technology rare in many CFA franc zone countries; ⦁ it allows people with limited funds to purchase smaller shares of land, enabling broader participation in property ownership; ⦁ it promotes collective ownership of natural resources — a crucial issue for Africa.At first, tokenization may reach only a small number of Central Africans, but gradual crypto adoption could change that, the expert noted.
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faustin archange touadera, central african republic, africa, cryptocurrencies , finance, property, economy, central africa, africa insight
How Tokenization is Reshaping Land Ownership and Finance in CAR?
Elizaveta Roschina
Writer/Editor
After the launch of the CAR crypto, a memecoin, in February, theCentral African Republic now plans to use it to tokenize over 1,700 hectares of land, as announced by President Faustin Touadera in late May.
Tokenization will transform the economic ecosystem of the Central African Republic (CAR) and will hopefully gain momentum across the African continent, Cameroonian economist Yamb Ntimba told Sputnik Africa.
"I had the opportunity to be involved in drafting the law on tokenization and subsequently in its promotion, and I [...] have participated in an adventure that is legal, scientific, technological, and also political. I am confident that this will transform the economic ecosystem of the Central African Republic, and I hope it will have a ripple effect throughout Africa," the economist said.
What are the advantages of land tokenization, announced by CAR President Touadera, according to the expert?
⦁ it reflects "a modern and realistic" use of technology rare in many CFA franc zone countries;
⦁ it allows people with limited funds to purchase smaller shares of land, enabling broader participation in property ownership;
⦁ it promotes collective ownership of natural resources — a crucial issue for Africa.
At first, tokenization may reach only a small number of Central Africans, but gradual crypto adoption could change that, the expert noted.
"With the development of digital culture, this base will expand. The growth of digital service offerings will facilitate this evolution, and this increase in the grassroots base will make the services of the Bitcoin ecosystem, in general, increasingly democratic," Ntimba concluded.
