Central African Republic Tokenizes Land on Solana Network

• Lyla Velez
• May 30, 2025

President Touadéra’s initiative marks a significant step in leveraging blockchain for transparency in land management, causing immediate market interest and CAR token growth.

The official announcement by President Touadéra highlights the prospective transformation of the Central African Republic’s approach to land management through blockchain technology. Beginning June, the 1,700 hectares of land will be tokenized on the Solana blockchain, allowing online access using the national meme token, $CAR.

Starting June, land concessions will be accessible online using $CAR, directly on Solana. A new era of access and transparency begins.

With this initiative, President Touadéra, who previously led Bitcoin adoption, seeks to position the Central African Republic as a blockchain innovator in Africa. The $CAR token, initially launched in February 2025, is integral to this process, emphasizing state involvement and international attention.

Markets reacted swiftly to the tokenization announcement, with the CAR token seeing a notable increase in value by 17%. The strategy not only influences the financial landscape but also reinforces the nation’s commitment to technological advancements.

Financially, the tokenization project aims to funnel 45% of the CAR token supply towards country development and charity. The absence of direct funding from international lenders underlines the initiative’s reliance on domestic resources.

Historically, the Central African Republic has been at the forefront of state-backed crypto projects, as also discussed by Streamflow Finance, notably with Bitcoin adoption and the Sango Coin initiative. The ongoing developments signal a potential shift in regulatory and technological approaches, promoting blockchain as a basis for economic modernization.