- Jersey Finance
- |7/5/24
Tokenisation: Unlocking Africa’s Economic Potential
5 September 2023
Recent research by Jersey Finance and IFI Global finds that blockchain technology presents a secure and transparent framework for tokenisation. By employing a decentralised ledger, blockchain networks facilitate the creation and management of digital tokens representing physical assets or financial instruments such as agricultural assets, real estate, metals or infrastructure. These tokens can be traded, exchanged or utilised in financial services transactions without the need for intermediaries such as banks or brokers.
While still in its early stages, tokenisation has the potential to revolutionise the African economic landscape, and the financial services industry more widely according to forward-thinking international finance centres, such as the Channel Island of Jersey. For Africa, by making it easier to invest in real assets, tokenisation can help to boost economic growth, reduce poverty, and improve financial inclusion on the continent.
Insights
The Tokenisation of Real AssetsThe rapid growth of asset tokenisation is set to transform the cross-border fund industry over the coming years, but there are a number of challenges that the industry will need to overcome before it can realise its full potential. IFI Global, supported by Jersey Finance, has explored the current state of the digital assets market and the impact of tokenisation on the industry.
