PRESS RELEASE | DAMREV Secures a Landmark $330 Million Tokenization Agreement for Namibian Copper Mine

DAMREV, a leading Real World Asset (RWA) tokenization firm in Africa, has announced a groundbreaking $330 million agreement to tokenize a copper mine in Namibia, marking a pivotal moment at the crossroads of blockchain and traditional industries.

The two-year project aims to convert the mining operation’s value into blockchain-based digital tokens, unlocking fractional ownership, enhanced liquidity, and greater transparency for investors. This initiative highlights the growing role of tokenization in redefining asset investment across sectors historically dominated by institutional capital.

Under the agreement, DAMREV will represent the copper mine’s underlying assets as digital tokens on a secure blockchain platform. These tokens are designed to be buyable, sellable, and tradable, broadening investor access from traditional financial institutions to retail participants.

“This project not only highlights the immense potential of tokenization in unlocking value from real-world assets but also reinforces DAMREV’s position as a pioneer in the African blockchain space,” said Duane Herholdt, CEO of DAMREV.

Benefits Beyond Capital

According to DAMREV, the tokenization of the Namibian copper mine is expected to:

• Increase operational efficiency and unlock new funding channels for the mine.
• Democratize investment access to high-value natural resources.
• Drive broader economic participation by involving local stakeholders throughout implementation.

Collaboration with local partners and communities is a core component of the rollout, with the aim of ensuring that tokenization delivers tangible benefits to Namibia’s economy and workforce over the 24-month project horizon.

DAMREV positions this deal as a template for future tokenization efforts across the continent, reflecting the potential of blockchain to upgrade traditional sectors such as mining with enhanced capital markets infrastructure.

“Our vision is to unlock value for both global investors and local economies, advancing sustainable growth through inclusive financial innovation,” Herholdt added.

As interest in real-world asset tokenization grows, DAMREV continues to expand its product suite – including other commodities, gemstones, and real estate – reinforcing its strategy to build Africa’s largest digital asset marketplace powered by secure, scalable blockchain technology.

Mozambique’s Empowa Raises Over $600,000 from Cardano After NSE Proposes Tokenization Solution for Kenya’s Housing Market

Sign up for BitKE Alerts for the latest updates on tokenization in Africa.

Join our WhatsApp channel here.