Ghana-based brokerage firm GFX has entered a strategic partnership with Libeara, a regulated tokenization platform supported by Standard Chartered Ventures, to explore issuing government-backed financial instruments in tokenized form. The announcement, made at the Singapore FinTech Festival, reflects a broader push across Africa to make high-quality investment products more accessible to everyday citizens.
For many people across the continent, opportunities to invest in national development remain limited. Government bonds and similar instruments typically require high minimum investment thresholds, locking out retail participants and restricting these opportunities to institutions and affluent investors. This long-standing barrier prevents ordinary savers from accessing stable financial products that are widely available in more developed economies.
The challenge is linked to the operational demands in emerging markets, where managing large volumes of small retail accounts can be costly and inefficient. As governments prioritize quick and streamlined capital-raising processes, they often adopt a structure that inadvertently favors institutional investors. This institutional-first design has historically excluded millions of citizens who would otherwise seek secure, low-risk avenues for saving and wealth creation.
Tokenization as a Pathway to Financial Inclusion
Tokenization presents a potential solution. By converting government-issued securities into digital tokens recorded on a blockchain, Libeara’s technology can automate settlement, compliance checks, and transaction workflows through smart contracts. These automations reduce administrative costs, limit counterparty risk, and increase the overall speed of reconciliation.
Lower operating costs mean that governments could eventually reduce minimum investment sizes, opening the door for broader retail participation. The CEO of GFX noted that much of the continent’s savings remain outside formal financial systems, and suggested that the collaboration aims to build a new pathway where citizens with even modest means can invest in their country’s economic growth through accessible, secure digital instruments.
Assets created under the partnership will run on Libeara’s regulated tokenization infrastructure, which currently supports more than one billion dollars’ worth of real-world assets on-chain. Executives at Libeara emphasized that the initiative aligns with their mission to bring real-world assets onto blockchain networks responsibly and compliantly. They also highlighted that tokenization should serve practical needs, particularly by expanding financial inclusion and granting everyday Africans access to stable, high-quality investment products.
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— Libeara (@libeara_) November 14, 2025
Ghana Prepares Regulatory Framework for Digital Assets
Ghana’s regulatory environment is also evolving to support such innovations. The upcoming Virtual Asset Services Providers Bill is expected to introduce comprehensive rules for overseeing digital-asset activity, including tokenized securities. The Bank of Ghana and the Securities and Exchange Commission of Ghana will jointly supervise these markets to ensure that innovation is balanced with investor protection and systemic stability.
Until the new rules are enacted, the Bank of Ghana’s regulatory sandbox continues to offer a controlled environment where companies can test blockchain-based financial services under real-world conditions. This allows firms like GFX and Libeara to trial new models while remaining under regulatory oversight.
The country’s central bank has also laid out broader plans for digital-asset oversight. In October, its governor committed to establishing cryptocurrency regulations by December 2025, with a virtual assets bill expected to reach parliament before the end of the year. The initiative responds to a regulatory gap in a nation where roughly three million adults—close to 17 percent of the population—actively use digital currencies for payments, savings, and remittances.
Crypto-related activity in Ghana reached approximately three billion dollars between July 2023 and June 2024, demonstrating robust financial engagement occurring outside traditional banking systems. Analysts say that the partnership between GFX and Libeara reflects growing momentum to bring these activities under regulated channels while offering citizens more diversified and secure tools for investment.
As Africa explores wider adoption of tokenized financial instruments, the GFX–Libeara collaboration may serve as an early blueprint for how blockchain technology can help democratize access to national investment opportunities.