Libeara’s GFX Partnership Ignites Africa’s Tokenization Revolution - Banking the Unbanked
Africa's financial landscape just got a crypto-powered jolt. Tokenization platform Libeara and pan-African fintech GFX are joining forces to smash barriers to financial inclusion—and traditional banks should be sweating.
The unbanked millions? They're the real target here. By leveraging blockchain's borderless infrastructure, this partnership cuts through legacy banking red tape like a hot knife through butter.
Tokenization meets grassroots finance. Libeara's asset-digitizing tech combined with GFX's continental reach creates an on-ramp for Africa's informal economies—no middlemen, no predatory fees, just pure financial adrenaline.
Will it work? The continent's 60% unbanked rate suggests someone had to try. And if this moonshot succeeds, Wall Street's 'emerging markets' playbook might need a blockchain rewrite. (Though let's be real—they'll still find a way to slap a 2% management fee on it.)
Breaking Barriers Through Tokenization
The challenge is rooted in the operational realities of emerging markets, where the cost of managing thousands of small retail accounts can outweigh the benefits for governments focused on raising capital quickly and efficiently. As a result, states have historically taken an “institutional-first” approach, setting minimum ticket sizes that inadvertently shut out everyday savers.
Tokenization offers a breakthrough. By representing government bonds and similar instruments as digital tokens on a blockchain, Libeara’s technology allows automated settlement, compliance, and transaction workflows through smart contracts.
This dramatically cuts administrative overhead, reduces counterparty risk, and accelerates reconciliation. Lower operational costs mean governments can reduce minimum investment sizes—opening the door for retail participation at scale.
“On a continent where the majority of savings remain outside the traditional financial system, our mission is to create a new bridge: one where anyone with a smartphone and five dollars in their pocket can invest in their nation’s future with dignity,” said Joe Anka, CEO of GFX.
Assets issued under the new partnership will leverage Libeara’s infrastructure, which currently supports more than US$1 billion in regulated real-world assets on-chain.
Bringing Real-World Assets On-chain, Safely and Securely
“Libeara is bringing real-world assets on-chain one step at a time, in a SAFE and compliant manner, and we are proud to make headway into the African continent through this initiative,” said Aaron Gwak, Founder and CEO of Libeara.
“This partnership highlights the importance of tokenization serving real-world needs—enabling financial inclusion in underserved markets. Access to stable, high-quality financial instruments should not be the privilege of the few, but a fundamental right for all, so that everyday Africans can own a piece of their nation’s economic future,” he added.
Regulatory Foundations Strengthening in Ghana
Ghana’s regulators are laying the groundwork for innovations like this to scale. The forthcoming VIRTUAL Asset Services Providers (VASP) Bill will create a comprehensive framework for overseeing digital asset activities and tokenized instruments. Joint supervision by the Bank of Ghana and the Securities and Exchange Commission of Ghana will ensure that innovation unfolds in a safe, controlled, and investor-protected environment.
Until the new regime takes effect, the Bank of Ghana’s regulatory sandbox offers a supervised space for testing blockchain-based financial services under real market conditions—allowing firms like GFX and Libeara to validate new models responsibly.
Ghana Says Crypto Regulation Coming
In October, Ghana’s central bank pledged to regulate cryptocurrencies by December 2025, despite not yet hiring the staff needed to enforce the rules.
Ghana pledges crypto regulation by December 2025 despite no staff yet, as 3M adults use crypto with $3B in transactions, July 2023-June 2024, representing 9% of the population.#Ghana #Regulationshttps://t.co/QZ19pG7LxJ
Bank of Ghana Governor Johnson Asiama announced the ambitious timeline at the International Monetary Fund’s fall meetings in Washington on Thursday, promising parliament will receive a virtual assets bill before year-end.
The announcement addresses a regulatory void in a country where approximately 3 million adults, roughly 17% of the population, actively use digital currencies for payments, savings, and remittances.
Crypto transactions in Ghana totaled $3 billion between July 2023 and June 2024, representing strong economic activity occurring beyond traditional banking oversight.
