COTI Announces Africa Tokenization Council

COTI, a privacy-oriented Layer-2 (L2) blockchain, has announced the Africa Tokenization Council, aimed at promoting AI and blockchain adoption across Africa and the Middle East, according to announcements shared with Finbold on Wednesday, March 5.

With Africa increasingly featured in the digital economy, the council will work to connect African officials with global tokenization experts through a series of symposia focused on regulatory frameworks, investment opportunities, and industry aspects.

Africa Tokenization Council

As part of efforts to reshape industry standards and modernize regulations in the region, the Africa Tokenization Council aims to build infrastructure to attract international investments in Africa and the Middle East.

Currently, the combined GDP of Africa and the MENA region exceeds $5 trillion, as both regions have made notable progress in mobile technology, fintech, and crypto, presenting lucrative opportunities for real-world asset (RWA) tokenization and blockchain integration.

The Council is expected to capitalize on this momentum with the backing of high-ranking government officials, key investors, and leading blockchain experts. Notable figures include Dr. Mansour Almalik, a petroleum engineering Ph.D. from Texas A&M University with over two decades of experience, and Alaa Bishara, a crypto investor and entrepreneur with a real estate background. Both will collaborate with COTI CEO Shahaf Bar-Geffen and Chief Ecosystems and Partnerships Officer Joshua Maddox.

AI and Blockchain Adoption

COTI, a pivotal Council member, will drive AI and blockchain adoption at foundational levels with its Privacy on Demand compliance and data security model. The company provides scalable, high-speed privacy layers tailored for AI and blockchain applications while addressing critical RWA tokenization concerns like data security and compliance.

This strategy is crucial for the Council’s initiatives since institutions involved with RWAs, such as natural resources, have historically been reluctant to adopt blockchain due to safety concerns. COTI mitigates these issues by ensuring only authorized entities can access compliance data without compromising sensitive information, forming the cornerstone of any successful tokenization campaign.