WadzPay and Societe Miniere D'Investissement SA (SMI) Forge Strategic Partnership to Revolutionise Mining Asset Financing
JOHANNESBURG, Africa, June 04, 2024 (GLOBE NEWSWIRE) -- WadzPay Technologies Africa Pty Ltd, a leading global blockchain-based solutions provider for financial services, is excited to announce its strategic partnership with SMI, an investment and financing vehicle for mining related projects in the Republic of Congo. This collaboration aims to accelerate mining assets digitization, provide financial support to the MSME enterprises and foster economic growth in the region.
The partnership follows SMI's mission to leverage its mining assets as collateral, enabling access to international financial markets for essential funding. WadzPay's expertise in blockchain technology and digital asset management aligns seamlessly with SMI's objectives, facilitating the tokenization of a portion of SMI's mining assets.
'We are thrilled to embark on this transformative journey with SMI. By harnessing the power of blockchain technology, we aim to unlock new avenues of financing for the mining sector, driving sustainable economic growth and prosperity in the Republic of Congo.' - Mr. Anish Jain, Founder & Group CEO of WadzPay
WadzPay will provide below services under this partnership:
Provide Secure Efficient Technology Platform for Tokenization: This includes converting economic value and ownership rights derived from SMI’s assets into digital tokens on blockchain.Management Services: In addition to providing its technology platform, WadzPay will offer management services including tokenomics, token pricing, token listing, marketing, and advisory services. These services are tailored to support SMI in achieving its fundraising objectives and fostering investor confidence.Exchange Services: Wadzpay will manage exchange services for primary and secondary markets.M. Brice Gatse, Chief Executive Officer at SMI, stated: '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. Through this innovative financial engineering, WadzPay is opening a new era for the financing of developing economies. It is also a way to democratise investment, as a wider range of people can now invest in mining, energy, and infrastructure projects that were previously reserved for large financial groups. This represents an opportunity that aligns with a multipolar, decentralised world enabled by Blockchain technology. We wish our collaboration a great success.'
To which Olivier Dipenda, Senior Vice President of Africa Market Development at WadzPay Technologies Africa Pty Ltd, expressed enthusiasm about the partnership, stating, 'We are delighted to extend our solution proposal in alignment with SMI's vision for economic empowerment through asset tokenization. This partnership signifies a significant step towards unlocking access to finance and fostering sustainable economic growth in the Republic of Congo.'
About SMI:
Societe Miniere D'Investissement SA (SMI) is a Republic of Congo registered company jointly owned by FIGA and Potash resources S.A. It functions as an investment vehicle for the financing of mining related project as well as the fund-raising vehicle for FIGA, an organisation created by the government of the Republic of Congo with the sole mandate of stimulating entrepreneurship by providing collaterals to SMEs.
About WadzPay:
WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset financial services landscape. It is a leading global blockchain-based technology provider for virtual assets. The company's innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.
For more information, visit www.wadzpay.com
Media Contact
Arijit Das
PR and Communications
arijit.das@wadzpay.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8b09bb8-9ab7-4143-9c51-bb1072e38782

TIN LIÊN QUAN
BPKH Selects WadzPay’s Unique Blockchain-Based Pilgrim Program to Create Cashless Journey for Indonesia’s Hajj and Umrah Pilgrims
[img]http://phpstack-911252-3168991.cloudwaysapps.com/api/ImageRender/DownloadFile?resourceId=d8bc7587-ffe5-4be7-9952-137e6a0a0138&size=3[/img]
THỦ THUẬT HAY
Top các địa điểm đi chơi Valentine siêu lãng mạn ở Hà Nội mới nhất 2023
Valentine là ngày lễ mong chờ nhất của các cặp đôi. Vào ngày này các cặp đôi thường dành cho nhau những lời yêu thương ngọt ngào, tặng cho nhau những món quà ý nghĩa. Cùng nhau trải qua một ngày tại một địa điểm lãng
Cách tìm tập tin dung lượng lớn trên Windows 10
Có phải ổ cứng máy tính hoặc ổ đĩa trạng thái rắn của bạn trên Windows 10 sắp đầy? Bạn muốn tìm ra tất cả các tệp đang chiếm nhiều không gian nhất trên ổ đĩa? Hãy đọc bài viết sau để biết cách tìm mà không cần dùng ứng
4 lời khuyên sẽ giúp laptop bạn bền hơn đáng kể
Để ý làm theo những lời khuyên nhỏ sau đây sẽ giúp cho tuổi thọ laptop của bạn bền hơn một cách đáng kể
Cách kiểm tra xem iPhone của bạn có bị làm chậm lại không
Chúng ta chưa rõ mục đích cho việc làm này của Apple, có lẽ là để 'thúc đẩy' mọi người mua iPhone mới. Nhưng dù sao đi chăng nữa thì hãng cũng đã xác nhận điều này.
ĐÁNH GIÁ NHANH
Đánh giá Ford Explorer Limited 2017 - Ngập tràn công nghệ và tiện nghi
Explorer vẫn luôn là một trong những dòng sản phẩm quan trọng nhất của Ford kể từ khi mẫu xe này trình làng năm 1990.
Đánh giá nhanh camera OPPO R11
OPPO R11 được trang bị một phần cứng camera rất đáng kinh ngạc. Không như OPPO F3 Plus, OPPO R11 lần này đặt cụm camera kép ở mặt sau, nghĩa là họ muốn cạnh tranh sòng phẳng về camera chính với những siêu phẩm hàng đầu