Real World Asset (RWA) tokenization is emerging as one of the most promising areas in blockchain. IOTA is actively working on implementing this process in East Africa.
What is Real World Asset Tokenization?
Real World Asset tokenization involves converting traditional assets, such as cash, commodities, stocks, bonds, and intellectual property, into digital tokens that can be freely traded on the blockchain. Analysts predict this market could grow to a staggering $16 trillion by 2030.
IOTA's Investments in Africa
IOTA is leveraging its capabilities in asset tokenization through an upgraded platform that enables the creation of digital tokens for assets like coffee and trade invoices without transaction costs. Since 2017, IOTA has been actively operating in Africa, supporting large-scale projects in Kenya and exploring new avenues.
IOTA Projects and Their Significance
Notable projects include the Trade Logistics Information Pipeline (TLIP), which enhances transparency and efficiency in export processes, and the Trade Worldwide Information Network (TWIN), an initiative aimed at establishing a transparent global trade data backbone. In 2024, IOTA also allocated $10 million to support tokenization innovations in the UAE and Africa.
IOTA is demonstrating significant progress in real world asset tokenization, contributing to the development of commodity markets in East Africa and reinforcing its reputation as a platform focused on practical blockchain applications.
