The Company was established to create a comprehensive financial services infrastructure solution for the underbanked African & MENA region market, leveraging modern blockchain/distributed ledger technology to create a vertically integrated full-service infrastructure for commercial and investment banking services. The company remains a global company with an African & MENA-region focus which allows for a monopoly market.
Only 34% of adults in sub-Saharan Africa have bank accounts or access to formal financial services, even after banks have been in Africa for 50 years. Furthermore, the African continent currently receives less than 1% of global venture capital deal flow but consists of 30% of the world`s natural resources and 60% of arable land. No credit card solution exists for digital assets for the second largest continent of the world. Also current capital markets are inefficient characterized by high fees, too many middlemen and slow transaction times.
MOBU has a strong position in a high growth region and has the potential to take over the cryptocurrency market in Africa.
MOBU will develop a full-service platform which will provide the following functions:
Security tokens/regulated digital assets have the same legal rights as a share certificate and allows for more improvement in corporate efficiency. Digitizing private placement issuance has a 40% cost saving over 5 year period - Entoro Capital.
It is expected that blockchain technology will be 10% of global GDP by 2027 according to Deloitte and since MOBU is developing the full infrastructure solution for the next generation of assets or regulated digital assets there is enormous upside potential. Security tokens or regulated digital assets are simply more efficient than traditional markets.
Licenses acquired and prototypes developed. Sound understanding of global security laws and digital assetsApril, 2019