Accra: ProMark Elite Limited and KPMG have formed a strategic alliance to enhance the development of Africa's digital assets market. The partnership aims to promote knowledge-sharing, regulatory improvements, and institutional capacity-building through the Digital Assets Summit Africa (DASA), which will convene key stakeholders to tackle emerging issues in the digital assets ecosystem.
According to Ghana News Agency, the collaboration marks a shift from merely exploring emerging technologies to establishing clear regulatory frameworks, enhancing institutional capabilities, and fostering responsible innovation that can drive economic growth. Discussions will focus on a wide range of topics, including payment systems, cross-border transactions, tokenisation, financial inclusion, taxation, cybersecurity, consumer protection, and financial crime prevention.
The initiative is designed to provide a platform for stakeholders to explore licensing, supervision, taxation, and monitoring of digital asset activities while ensuring consumer protection and safeguarding the broader financial system. ProMark Elite Limited, the organisers of DASA, stated that the summit will serve as a continental forum for various entities, including central banks, securities regulators, government agencies, banks, fintech companies, academics, and investors, to discuss developments in the digital assets sector.
DASA 2026 is expected to include participation from the Bank of Ghana, the Securities and Exchange Commission, and other key players in Ghana's financial sector. The presence of regulatory institutions is anticipated to prioritize policy development, supervision, and market conduct in discussions.
As the Knowledge Partner, KPMG will offer expertise in financial services, governance, risk management, regulation, taxation, audit, and technology to enhance the summit's quality and relevance. The collaboration aims to move discussions from theoretical concepts to practical strategies and safeguards for developing sustainable digital asset markets.
This partnership emerges as Ghana fortifies its regulatory framework for virtual assets. The Virtual Asset Service Providers Act, 2025 (Act 1154), provides the legal foundation for the registration, licensing, and supervision of virtual asset service providers. Additionally, the Bank of Ghana has established a dedicated Virtual Assets Department to oversee activities in this sector.
Experts highlight the significant impact of these developments on banks and financial institutions, particularly concerning anti-money laundering compliance, customer due diligence, cybersecurity, transaction monitoring, financial reporting, taxation, and consumer protection. KPMG has already contributed to industry capacity-building through its involvement in a cryptocurrency training programme organized by the Ghana Association of Banks, focusing on compliance, risk, and fraud management.
KPMG also participated in the eCedi Hackathon organized by EMTECH for the Bank of Ghana, which tested digital currency infrastructure across various use cases. Participants emphasized the importance of addressing governance, financial controls, cybersecurity, data protection, accounting, and consumer safeguards alongside technological performance.
The ProMark-KPMG collaboration will facilitate critical discussions on licensing and supervision of virtual asset service providers, banking controls, taxation, accounting treatment of digital assets, tokenisation opportunities, and the management of cyber and financial crime risks. The partners believe that Africa's digital assets future relies not only on technology but also on sound policies, strong institutions, effective controls, and public-private sector collaboration. They are confident that DASA will help stakeholders progress from interest to implementation while ensuring appropriate safeguards to protect consumers, investors, and financial stability.