This partnership will enable retail and corporate customers to open virtual asset custody wallets within a regulated environment. Our offering will focus initially on the exchange and custody of stablecoins. We also look forward to the anticipated Central Bank Digital Currency pilot projects, that have been announced across Africa.
A blink customer will have to register on the MINDEX page and create an account. Post approval, when available, the customer will be able to select and buy different assets, be it a security or a virtual asset, on MINDEX, after transferring the relevant amount to the MINDEX account. The customer will also have an option of purchase via blink or pay MINDEX via the blink payment app, which will be credited to the customer’s MINDEX wallet in real-time. As a final step, the blink customer will receive a transaction notification.
Globally, more than 70% of High Net-Worth Individuals have invested in digital assets. 90% of them are under 40 years of age. With expanding users in the digital space, this innovative ecosystem clearly stands to benefit blink customers, as alternative investment options. Significantly, this is just the tip of the iceberg as the total market capitalisation for tokenisation has been increasing. MINDEX is creating strong business fundamentals and infrastructure to stand ready and this comes at a time when companies such as McKinsey and Co. are forecasting that $4 trillion to $5 trillion of tokenised digital securities could be issued by 2030.
Commenting on this new venture, the Chief Executive Officer of Emtel, Kresh Goomany said: “We are excited to be partnering with MINDEX, which is proving to be a home-grown innovation bridging the gap between the traditional world and the digital world, bringing more choice to the retail and corporate market in Mauritius and the wider continent.”
Also commenting along the same lines, the Chief Executive Officer of MINDEX, Jessica T Naga said: “MINDEX is focused on entering into strategic partnerships to offer better and more secure solutions for its clients in Mauritius and on the African continent. This partnership with blink by Emtel is certainly an important one to be better prepared to service the domestic and regional market as virtual assets become more widely used.”
Shedding more light on this MoU agreement, the Chairperson of the board of MINDEX Limited, Manisha Dookhony said: “From my work on investment and legal frameworks across Africa, I find that investors and legislators are leaning more towards tokenisation of assets. The initial focus is on real estate, commodities and the Art Market. Tokenising real world assets can help bridge the gap by allowing businesses to raise funds from investors using digital tokens. This process can enhance transparency, rapidity of transactions and market efficiency. The collaboration with blink by Emtel is an important step for MINDEX to enhance the payment ecosystem for tokenised assets in Mauritius and beyond”.
Additionally, the Chief Fintech Officer of blink, Atul Bhatia said: “It has been a pleasure to devise this new solution with the MINDEX team, for the local market and beyond. As blink continues on its innovation trajectory, such partnerships will allow us to move faster and to better service our increasing customer base by offering new ways to invest digitally as part of our value-added services”.
