On 24 October 2025, Above Food Ingredients Inc. announced that it had entered into a joint venture with the Government of Burkina Faso, the Promotion and Investment Center for Burkina Faso and Partners (CPIB), and Promax Burkina Faso SEM to adopt a gold‑ and mineral‑backed stablecoin as the country’s official digital currency. The partnership is led by Palm Promax Investments LLC, the subsidiary of Above Food’s merger partner Palm Global Technologies.
The agreement commits the Burkinabé government to pledge up to $8 trillion in gold and mineral assets to serve as the collateral for the new stablecoin. This pledge represents the largest single sovereign asset commitment to a digital currency program, making Burkina Faso the first African nation to formally integrate a resource‑backed digital currency into its national financial architecture.
For Above Food, the deal expands the company’s FinTech platform into sovereign digital currency issuance, providing access to a vast, liquid asset base that can be tokenized and leveraged for stablecoin and other digital asset products. The partnership aligns with ABVE’s strategic pivot toward high‑margin FinTech services and positions the company to capture new revenue streams from tokenized asset management and cross‑border payments, reinforcing its transformation from a food ingredients business to a global digital finance leader.
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