DAMREV And NCASA Partner To Drive Financial Inclusion Through Tokenized Real-world Assets

DAMREV And NCASA Partner To Drive Financial Inclusion Through Tokenized Real-world Assets. DAMREV, a global leader in Real-World Asset (RWA) tokenization, and the National Co-Operatives Association of South Africa (NCASA) are excited to announce a groundbreaking partnership aimed at providing financial inclusion to NCASA’s 1.6 million members. The partnership will leverage DAMREV’s expertise in tokenization to democratize access to high-value, real-world assets such as copper, gold, chrome, titanium, iron ore, real estate, and diamonds. This initiative is focused on empowering cooperative members by giving them access to opportunities traditionally reserved for institutional investors.

Empowering Through Financial Inclusion:

At the heart of this partnership is a shared vision of uplifting underserved communities and creating an inclusive financial ecosystem. By tokenizing real-world assets, DAMREV and NCASA aim to break down barriers to entry and democratize access to valuable assets, making them available to a broader audience. This partnership aligns with NCASA’s long-standing mission to support and uplift Co-Operatives in South Africa and across the continent by fostering economic empowerment and improving social mobility.

“We are thrilled to collaborate with NCASA to make meaningful strides in financial inclusion,” said Duane Herholdt, CEO of DAMREV. “Through tokenization, we can offer members of NCASA access to secure, verified, and profitable assets that were previously out of reach. This initiative is about making the world of finance more equitable.”

The core of this initiative lies in Real-World Asset tokenization—a process that converts physical assets into digital tokens on the blockchain. These tokens represent ownership or rights to a specific real-world asset, enabling fractional ownership and a higher level of liquidity. The assets being tokenized under this partnership include some of Africa’s most valuable natural resources, sourced from mines in countries such as South Africa, Namibia, Zimbabwe, and Botswana.

The RWAs available for tokenization span multiple industries, including:

• Copper – A critical component in electric vehicles, renewable energy technologies, and infrastructure, copper is essential for sustainable development.
• Gold – As a time-tested store of value, tokenized gold allows cooperative members to invest in a stable and historically appreciated asset.
• Chrome and Titanium – Widely used in industrial applications, these metals are in high demand and represent a solid investment opportunity.
• Iron Ore – Tokenized iron ore provides exposure to one of the world’s most abundant and essential raw materials for steelmaking.
• Diamonds – Africa is a global leader in diamond production, and the tokenization of diamonds offers members the ability to invest in a high-value, rare commodity.
• Real Estate – Tokenized real estate opens doors for cooperative members to participate in the property market, a historically secure and appreciating asset class.

These assets are not only valuable but also play a pivotal role in Africa’s economic landscape, contributing to the continent’s growth and development. By leveraging these assets, the partnership between DAMREV and NCASA is enabling members to participate in the ownership and investment of Africa’s rich resources through blockchain technology.

“The democratization of real-world assets through tokenization represents a significant step towards financial inclusion,” said Bongani Letshabo, CEO of NCASA. “We believe that our members, who are often excluded from traditional financial systems, will greatly benefit from the accessibility and transparency offered by blockchain technology. This is an opportunity for economic upliftment that will have a lasting impact on our communities.”

This initiative also serves as a model for the future of finance in Africa, where blockchain and tokenization can be leveraged to create inclusive, secure, and scalable financial solutions. By integrating traditional industries like mining with cutting-edge technology, DAMREV and NCASA are positioning Africa at the forefront of global financial innovation.

DAMREV stands out in the fintech arena, recently honoured as the Best African Business Tokenization Company of 2023 and the recipient of the prestigious Innovation & Excellence Award 2024 for Real World Asset (RWA) Tokenization Company of the Year in South Africa. These accolades underscore DAMREV’s substantial contribution to Africa’s economic progress and its dedication to driving sustainable growth through cutting-edge financial technologies.