Central African Republic to Tokenize Land on Solana Blockchain for Global Investors
The Central African Republic (CAR) has announced a pioneering initiative to tokenize over 1,700 hectares of land using its national $CAR token on the Solana blockchain, starting in June 2025. This program aims to enhance transparency in land management and attract global investors by enabling them to purchase tokenized real estate assets through a fast and low-cost blockchain ecosystem. The digitized land, located near Bossongo village, may be tied to mining projects, referencing both mining laws and resource tokenization policies enacted in 2023. The $CAR token, introduced in February 2025 as both a meme coin and digital economic experiment, has seen volatile price action—surging 100% prior to the land sale announcement and doubling to $0.05, though still below its all-time high of $0.70. With a current market cap exceeding $56 million and over 18,400 holders, the CAR token sale reinforces the national shift towards blockchain adoption, following previous efforts like recognizing Bitcoin as legal tender. The initiative, which supersedes the discontinued Sango Coin project, could bring significant foreign capital to CAR’s developing economy and increase digital asset adoption. It also sets a precedent for other nations considering blockchain-backed property management and resource monetization.
Bullish
The Central African Republic’s initiative to tokenize land using the $CAR token on the Solana blockchain introduces one of the most ambitious national-scale blockchain adoption projects in Africa. The move is expected to drive demand for the $CAR token as it becomes directly tied to a tangible asset—real estate—while leveraging Solana’s efficient ecosystem enhances investor appeal. The announcement has already led to a doubling of the $CAR token price prior to the launch, demonstrating strong market interest. In the short term, this news is likely to increase trading volumes and speculative activity around $CAR, and potentially Solana by association. Over the long run, if implementation proves successful and attracts foreign capital, it could provide structural support for both $CAR price and appeal of blockchain-based asset tokenization. This development also differentiates CAR from failed initiatives like Sango Coin, boosting credibility for this new project.