• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, June 27, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

WadzPay Partners with SMI to Digitize Mining Assets in Congo

4 June 2024
in Business, News
Reading Time: 3 mins read
112 2
Home Business

WadzPay, a blockchain-based service provider, has announced a partnership with Societe Miniere D’Investissement (SMI) to tokenize mining assets and promote economic growth in the Republic of Congo.

According to the official announcement published today, June 4, 2023, WadzPay’s expertise in virtual asset management and blockchain technology aligns with the objectives of SMI, a financial and investment firm specializing in mining activities in the African nation.

As part of the partnership, WadzPay will provide SMI with a secure and effective technology platform for asset tokenization. This platform will convert ownership rights and economic value derived from SMI’s assets into virtual tokens on the blockchain.

WadzPay will also offer comprehensive management solutions, including tokenization, token listing, pricing, and advisory services. The firm will manage exchange services for both primary and secondary markets.

The collaboration is expected to drive SMI’s mission of using its mining assets as collateral and thus enable it to access foreign financial markets for essential funding.

Brice Gatse, CEO of SMI, highlighted the partnership’s significance for the African continent. He noted that tokenization enables African states to leverage their natural resources as collateral for fundraising, facilitating the financing of extractive industries. In his words:

“For us, as an SME, the partnership with WadzPay represents the hope of an entire continent. Tokenization allows African states, most of which are engaged in programmes with the IMF and subjected to debt restrictions, to overcome barriers to investment. Tokenization offers these states the opportunity to use their natural resources as collateral to raise funds and finance extractive industries, which are sources of wealth creation and poverty alleviation.”

Anish Jain, WadzPay’s Founder and Group CEO, also expressed his excitement about the collaboration and emphasized WadzPay’s aim to unlock new financing opportunities for the mining industry by harnessing blockchain technology in the Republic of Congo.

In his post on X about the development, the CEO expressed his eagerness to meet with the SMI development team in Africa this month. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: Republic of CongoSMIWadzPay
Share66Tweet42Share12
Previous Post

Deutsche Bank Partners with Bitpanda to Streamline Fiat Transactions for German Crypto Users

Next Post

Core Scientific Partners with CoreWeave in $3.5 Billion Deal to Expand Operations to AI Infrastructure

Precious James

Precious James

Precious James is a seasoned forex and crypto trader who loves sharing insights through engaging and accessible content. When not analyzing markets, Precious enjoys quality time with their beloved dogs. This blend of expertise and personal passion adds a unique, relatable touch to Defi Planet's content.

Related Posts

source:  coin68.com
Blockchain

Telegram Users Now Access Institutional-Grade Rewards for Staking TON

26 June 2025
source: grist.org
Crime

Citibank Faces Lawsuit Over Alleged Negligence in $20 Million Crypto Romance Scam

26 June 2025
source: orion.xyz
Business

Lumia and Avail Stack Partner to Enable Seamless Cross-Chain Transfers of Tokenized Real-World Assets

26 June 2025
source: pymnts.com
News

BitRail Unveils Stablecoin & Wallet Solutions Amid Shift to Owned Payments

26 June 2025

Featured Posts

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

byOlajumoke Oyaleke
15 June 2025
0

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

byOlayinka Sodiq
12 June 2025
0

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

byOlayinka Sodiq
10 June 2025
0

What Is Price Slippage in Crypto & How Can You Avoid It

What Is Price Slippage in Crypto & How Can You Avoid It

byOlayinka Sodiq
4 June 2025
0

The Rise of Decentralized Identity Solutions in DeFi

The Rise of Decentralized Identity Solutions in DeFi

byOlayinka Sodiq
20 October 2024
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

What South Korea’s Crypto Strategy Signals for the Next Bull Run?

13 hours ago

Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise

14 hours ago

Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?

14 hours ago

Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull: What This Means for the Crypto Market

16 hours ago

First XRP ETF Approved on Toronto Stock Exchange— Is This a Green Light for XRP ETF Approvals in More Countries?

3 days ago

Your Weekend Crypto Roundup | June 2025 (Week 3)

7 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    The Rise of AI Beings: CARV’s New Roadmap Signals Next Wave of Web3 AI

    bychainwire
    27 June 2025
    0

    Weed® Announces Partnership with Khalifa Kush; Launches Global Commercialization

    bychainwire
    26 June 2025
    0

    GBM Launches Auction Festival with The Sandbox, Aavegotchi, Unstoppable Domains, and More

    bychainwire
    26 June 2025
    0

    Codebase Technologies and Fuze Partner to Expand Digital Asset Access for Banks and Financial Institutions

    Codebase Technologies and Fuze Partner to Expand Digital Asset Access for Banks and Financial Institutions

    byGuest Author
    26 June 2025
    0

    French “Spiderman” Scales Skyscraper to Launch World’s First Action Token

    bychainwire
    26 June 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00