Rwanda's CMA sets out its regulatory approach to tokenised assets

CMA Rwanda set out a regulatory approach to the tokenisation of financial assets, presented at the Inclusive FinTech Forum in Kigali in early 2026: securities tokenisation, real-world asset tokenisation and tokenised funds, treated under the existing Capital Markets Act rather than a new statute.

Formal tokenisation guidelines had not been published as at our coverage date. Rwanda is building a regulatory pathway for token issuance ahead of most of its neighbours, which have not yet determined whether tokens qualify as securities at all.

For a market of Rwanda's size, moving first on token infrastructure positions the country to host issuance that larger neighbours are not yet positioned to regulate.