CAR’s Solana Land Tokenization

In a groundbreaking move, the Central African Republic (CAR) has initiated a project to tokenize over 1,700 hectares of land using its national cryptocurrency, $CAR, on the Solana blockchain. This ambitious endeavor seeks to revolutionize land ownership by offering a transparent and accessible platform for global investors.

The Genesis of $CAR and the Tokenization Initiative

In February 2025, President Faustin-Archange Touadéra introduced $CAR, a national cryptocurrency designed to unite the nation and attract international attention. The token’s launch was marked by a promotional video featuring the president, which, despite initial skepticism, garnered significant interest. Shortly after its debut, $CAR’s market capitalization surged, reflecting the optimism surrounding CAR’s crypto initiatives.

Building on this momentum, the CAR government announced plans to tokenize over 1,700 hectares of land located west of the village of Bossongo, approximately 45 kilometers from the capital, Bangui. The land, cleared and subdivided, is intended for agricultural and construction purposes, excluding mining activities. President Touadéra emphasized the project’s significance, stating, “Starting June, land concessions will be accessible online using $CAR, directly on Solana.” This statement underscores the government’s commitment to leveraging blockchain technology for economic advancement.

Investor Identification, Introduction, and negotiation.

The Role of Solana in the Tokenization Process

The choice of the Solana blockchain for this project is strategic. Known for its high transaction speed and low fees, Solana offers a scalable and efficient platform for tokenizing assets. By utilizing Solana, CAR aims to ensure that land token transactions remain cost-effective and efficient, key features when onboarding international investors. The blockchain’s energy efficiency also aligns with CAR’s goals of sustainable development.

Challenges and Controversies

Despite the innovative approach, the tokenization initiative has faced challenges. The $CAR token’s initial surge was followed by a significant decline, raising questions about its stability and the project’s long-term viability. Additionally, the promotional video for $CAR was suspected to be AI-generated, leading to concerns about the authenticity of the initiative. These issues have sparked skepticism among potential investors and the international community.

Future Prospects and Expansion Plans

Looking ahead, the CAR government plans to expand the tokenization project to include natural resources such as gold and diamonds. President Touadéra revealed that the government is developing a dedicated legal and technical framework for natural resource tokenization, aligned with both national mining laws and global blockchain standards. This expansion aims to attract foreign investment and promote economic growth by providing transparent and accessible investment opportunities.

Conclusion

The Central African Republic’s initiative to tokenize land using $CAR on the Solana blockchain represents a bold step toward integrating blockchain technology into national economic development. While the project faces challenges, its potential to transform land ownership and attract international investment is significant. As CAR continues to innovate, the success of this initiative could serve as a model for other nations exploring blockchain solutions for economic advancement.

References

• CediRates. (2025). CAR’s Touadéra confirms $CAR land tokenisation platform launch, eyes natural resources next. (cedirates.com)

• Cointelegraph. (2023). Central African Republic expands Sango project to land, resource tokenization. (cointelegraph.com)

• Cointelegraph. (2022). Central African Republic to tokenize the nation’s natural resources. (cointelegraph.com)

• Ainvest. (2025). Central African Republic Launches Tokenized Land Sales on Solana Blockchain. (ainvest.com)

• TheCurrencyAnalytics. (2025). Central African Republic Sells Tokenized Land via Solana. (thecurrencyanalytics.com)

• Crypto.news. (2022). Court Rules Against the Purchase of Land and Citizenship With Central African Republic’s Crypto. (crypto.news)

• TheCryptoUpdates. (2025). CAR’s Solana Land Tokenization Tied to Controversial Memecoin Sparks Skepticism and Hope. (thecryptoupdates.com)

• BlockBeats. (2023). The Road to Web3 Gold Rush in Africa: How the Central African Project Sango Tokenizes Land and Natural Resources? (theblockbeats.info)

• Crypto News Flash. (2025). Central African Republic Leverages Solana Meme Coin to Digitize Land Ownership. (crypto-news-flash.com)

• TheNewsCrypto. (2025). CAR President Approves Tokenizing Land With $CAR Coin on Solana Blockchain. (thenewscrypto.com)

• Ainvest. (2025). Central African Republic Tokenizes 1,700 Hectares of Land Using $CAR. (ainvest.com)