The Central African Republic is back in the crypto headlines, and once again, it is not playing small. This time, the government says it plans to tokenize more than 1,700 hectares of land just west of Bangui, using its national meme coin, $CAR, built on the Solana blockchain.
Yes, land. Real land.
According to a newly signed presidential decree, the move is grounded in the country’s mining code and tokenization laws, with hints that the land could be linked to future gold or diamond extraction. The market reacted instantly. $CAR jumped 21% in a single day and climbed roughly 127% over the week. Some traders believe the rally started before the announcement, fueled by quiet chatter ahead of the official reveal.
This is not the Central African Republic’s first dance with crypto. In 2022, the country made global waves by adopting Bitcoin as legal tender, a decision that was later rolled back after heavy criticism. Now, instead of rewriting monetary policy, the government appears to be testing blockchain in a more targeted way, starting with land ownership.
The idea is simple, at least on paper. By tokenizing land, the government hopes to attract foreign capital and open the door to fractional ownership for investors around the world. And the $CAR token, which began life as a meme, is being repositioned as the engine behind these transactions.
President Faustin-Archange Touadéra made the announcement himself on X. “Starting this June, land concessions will be accessible online using our $CAR token on Solana,” he wrote, sharing the signed decree alongside the post. He called it the beginning of a new era focused on access and transparency, big words that crypto watchers have learned to treat with both hope and caution.
The implications are hard to ignore. Real estate tokenization is already gaining traction globally, but doing it with a meme coin on Solana adds a very modern twist. Solana’s fast speeds and low fees make it attractive, but tying national land policy to a token born from internet culture is, to put it mildly, unconventional.
Supporters see bold experimentation. Critics see risk layered on top of risk. Meme coins are volatile by nature, and the Central African Republic operates in a region where political and economic stability is not guaranteed. That combination makes some investors uneasy, even as others smell opportunity.
For traders, $CAR looks like either a breakout moment or a classic high-risk play. For blockchain observers, this is a real-world stress test of whether tokenization can work in emerging markets under government control.
When the first land parcels reportedly go live in June, the spotlight will be intense. This could become a model for how countries experiment with digital ownership, or it could end up as a case study in how ambitious crypto ideas collide with reality.
Either way, meme coins, land titles, and Solana are now sharing the same sentence, and that alone makes this one worth watching.
