African sovereigns are increasingly looking to Gulf exchanges for secondary listings to diversify investor bases away from London/Paris. NASDAQ Dubai's first African sovereign listing is a small but symbolic step toward the Gulf becoming a venue for emerging-market debt — a trend that could eventually intersect with tokenized bond platforms.

Eurobonds of Republic of Congo

The IMF and Republic of Congo are set to continue talks on a new lending program, aiming for a staff-level agreement, while the country pursues a secondary listing of its eurobonds on NASDAQ Dubai.

Congo and IMF Press On With Lending Talks as Eurobonds Head to NASDAQ Dubai

Congo's NASDAQ Dubai bond listing could create a template for tokenized African sovereign debt, but the real liquidity will flow to crypto rails—not TradFi.