DAMREV, Africa’s leading Real World Asset (RWA) tokenization company, has signed a landmark $330 million agreement to tokenize a copper mine in Namibia. This groundbreaking project, set for a 24-month implementation, marks a significant milestone for both the mining and blockchain industries.
The deal underscores DAMREV’s commitment to leveraging blockchain technology to revolutionize traditional industries. Tokenizing the copper mine will enable fractional ownership, increased liquidity, and enhanced transparency, setting new standards for asset management and investment in mining.
We are thrilled to begin this transformative journey with our partners in Namibia. This project highlights the immense potential of tokenization in unlocking value from real-world assets and reinforces DAMREV’s position as a pioneer in the African blockchain space.
Duane Herholdt, CEO, DAMREV
The tokenization process will convert the mine’s assets into digital tokens on a secure blockchain platform, allowing seamless buying, selling, and trading. This approach is expected to attract a diverse range of investors, democratizing access to valuable resources. The copper mine, known for its rich deposits, will benefit from increased operational efficiency and funding opportunities. The project will involve collaboration with local stakeholders, ensuring benefits extend to the community and economy.
This initiative is poised to set a precedent for future tokenization projects across Africa. We are dedicated to delivering value to our investors and the people of Namibia, fostering sustainable development and economic growth.
Duane Herholdt, CEO, DAMREV
DAMREV’s expansion of blockchain-based asset tokenization services demonstrates its commitment to inclusivity and efficiency. The company aims to become Africa’s largest digital asset marketplace by tokenizing assets such as gemstones, commodities, and real estate, leveraging the Stellar blockchain for enhanced service efficiency and interoperability. This development aligns with DAMREV’s adherence to the ISO 20022 standard, ensuring secure, transparent, and seamless transactions.
At DAMREV, we are not just observing the future of asset management – we are actively shaping it. Our expanded tokenization services, powered by Stellar’s blockchain, are set to redefine accessibility and efficiency in the global asset market. This is a leap towards democratizing investment opportunities, aligning with our vision of a more inclusive financial world.
Duane Herholdt, CEO, DAMREV
DAMREV recently earned accolades as the Best African Business Tokenization Company of 2023 and the Innovation & Excellence Award 2024 for Real World Asset Tokenization Company of the Year in South Africa. These awards highlight DAMREV’s contributions to Africa’s economic progress and its commitment to sustainable growth through cutting-edge financial technologies.
Currently, DAMREV is initiating ambitious projects in Africa, including tokenizing various commodities and real estate. These ventures reflect DAMREV’s dedication to fortifying African economies by creating a transparent, efficient market framework for essential assets.
DAMREV’s strategic focus on select sectors and asset classes showcases its commitment to innovation through research and development (R&D). By aligning its expertise with industry demands, DAMREV fortifies its standing and expands the possibilities in digital assets.
Financial inclusion is a cornerstone of DAMREV’s mission. By democratizing access to investment opportunities through tokenization, DAMREV empowers individuals and businesses across Africa and beyond, fostering a more inclusive financial ecosystem. Collaboration with a network of trusted partners is integral to DAMREV’s pursuit of excellence. Together, DAMREV and its partners are shaping the future of asset management.
