The SARB in collaboration with the IFWG is launching #ProjectKhokha2 report, which explores the policy and regulatory implications of tokenization in financial markets. It tested the practical proof of concept (PoC) of distributed ledger technology (DLT) to settle debentures.

financial inclusion, and fair lending practices. In turn, South African consumers may benefit from these innovations through a more competitive market that potentially drives down the prices of financial products and services,

Digital payments - The payment industry is comprehensively regulated in South Africa. Bank and non-bank participants must have formal authorization from SARB or the Payment Association of South Africa (PASA).