Non-monetary pilot design
The proposed pilot focuses on asset registration, FTV valuation, matching, and ASTRA-C contracting and documentation, without activating the Zamani Exchange Unit accounting mechanism.
Complement existing regulated infrastructure
Regulatory & Compliance Positioning
Zamani Africa adopts a staged approach to regulatory engagement. Formal legal and regulatory characterisation is required before the Zamani Exchange Unit, or any other feature requiring such determination, is deployed.
A staged implementation approach
A staged approach to responsible trade infrastructure.
Legal and regulatory characterisation
The legal character of the Zamani Exchange Unit and additional platform functionality is to be examined through legal opinions and direct regulatory engagement, including with the relevant Nigerian authorities.
Integration only where confirmed
Functionality whose regulatory characterisation has been formally confirmed may be integrated with licensed financial infrastructure where legally appropriate.
Financial boundaries
No custody or settlement of monetary funds.
Zamani Africa is designed not to hold, transfer, clear or settle monetary funds. Residual monetary balances, where applicable, are contemplated to move through participants’ own licensed banking channels and existing infrastructure, including PAPSS where applicable.
The proposed Zamani Exchange Unit is not intended as currency, a publicly traded digital asset or an investment instrument. Its precise legal and regulatory characterisation must be determined before deployment.
Implementation dependencies
Compliance dependencies
Priority areas include data protection, participant identity and beneficial-ownership checks, sanctions screening, AML/KYC controls, market conduct, cybersecurity and participant protection. Identifying these areas as requirements does not mean that each control is already implemented or independently assessed.