Paga Partners with TBook to Offer Tokenised Investments

In Short

• Paga is partnering with TBook to let customers invest in tokenised real-world assets.
• The product will be distributed through Paga Engine, Paga’s payments and compliance infrastructure.
• The deal expands Paga’s infrastructure-first strategy, serving other businesses, not just end users.

What Happened

Paga is expanding its wealth and investing offering through a partnership with TBook, a blockchain infrastructure startup. The goal is to give consumers and businesses access to tokenised investments.

Tokenised real-world assets, often shortened to RWAs, are traditional assets like fixed income or private market products that are represented as digital tokens. A token is a digital “receipt” that tracks ownership, like a barcode for an investment.

Under the partnership, Paga will connect its payments and compliance rails to TBook’s tokenised asset marketplace, which is built on the Sui blockchain. A blockchain is a shared database that records transactions, like a ledger that many computers keep in sync.

Paga says the move builds on its infrastructure push through Paga Engine, its B2B payments platform. The company previously said Paga Engine processed about $12 billion in transaction value in 2025.

Why It Matters

For Paga, this is another step away from being only a consumer fintech and toward being a financial infrastructure provider. In plain terms, it wants to power financial products that other businesses sell, similar to how payment gateways power checkouts.

For the market, tokenised investments are showing up as a new distribution channel for wealth products in Africa. If the compliance, custody, and liquidity pieces hold up, fintechs can offer more investment options without building every part in-house.

The big question will be execution, including which assets are offered, who can access them, and how local regulators treat tokenised securities and private assets over time.