Bahamian-Kenyan technology startup Raise has joined forces with Kenyan corporate law firm ALN Kenya-Anjarwalla & Khanna (A&K) to launch Africa’s first security token framework.
According to a press release distributed by several local news outlets, the project will include the development of contract templates, legal definitions, offerings, and technological standards for security tokens that represent ownership of real-world assets, such as property, shares, debt, commodities, fine art, and insurance.
The two companies plan to create and share the security token framework through the African Digital Asset Framework (ADAF). Launched last month under the Pan-African Organization, the ADAF is an open source platform created to consolidate blockchain development standards across the continent.
The partnership was announced by Raise c...
This article appeared first on Cryptovest
