What we are for
Africa pays more to move its own money than any other region on earth. As of early 2025, sending $200 to Sub-Saharan Africa cost 8.78% on average — close to triple the United Nations target of 3%. In three of every four corridors it costs more than 10%.
That money leaves the households least able to lose it. A payment between two African countries routinely routes through Europe or North America, converting to dollars and back, paying spread twice and waiting days to settle. The expense is structural, not incidental.
The ambition
The immediate objective is narrow and measurable: move value across African borders faster and more cheaply than correspondent banking does today.
The longer objective is that this infrastructure becomes common enough to serve as shared monetary rails across the continent — a universal African currency layer.
We are precise about what that means. Majestic does not seek to replace national currencies. Monetary sovereignty belongs to states and their central banks. What we provide is a settlement and transfer layer that works alongside national currencies — the rails beneath the money, not a replacement for it. Continental payment infrastructure is already a priority for African institutions, and Majestic is built to complement that direction.
A currency becomes universal because enough people find it useful, not because anyone declares it so. Each working corridor, each merchant accepting settlement, each government using the rails for disbursement is a step. There is no shortcut, and we do not pretend otherwise.
Record
| Nov 2021 | Forbes Best of Africa Top Crypto Innovator, presented at the Burj Al Arab, Dubai — FIN Africa-UAE Trade & Investment Forum |
|---|---|
| Nov 2021 | Best Digital Currency of the Year — Africa Cashless Payment System Conference |
| Feb 2022 | Keynote, 4th Blockchain Dubai International Summit; Vertex Best Blockchain of the Year; Top Entrepreneur of the Year |
| Apr 2022 | Featured in two editions of Forbes magazine |
| Jun 2022 | Featured in FIN (Foreign Investment Network) Magazine |
| Jul 2022 | Pilot programme with the Government of Zambia — deployment of Majestic StarChain |
| Sep 2022 | Founder addresses the United Nations General Assembly, New York, on blockchain in Africa |
| Nov 2022 | Blockchain Man of the Year, Blockchain Summit, Lusaka; inaugurated as a Titan of Africa, Dubai; StarChain adopted into the United Towns Agency for UN projects in Africa |
| Dec 2022 | Partnerships with EST Group and Ezipay Global |
| May 2023 | Ezipay Global remittance partnership formalised in Accra |
| 2026 | Layer 2 migration; holder verification window opens |
Leadership
Solomon Mwamba Wa Ngoy is CEO and Founder of Majestic Chain Technologies. He has represented the project at the United Nations General Assembly, at blockchain summits in Dubai and Lusaka, and in government engagements across the continent. He is an enstooled chief in Ghana.
Where we are now
Majestic is migrating from its original sovereign chain to a zero-knowledge rollup built on Polygon CDK. Existing holders verify their holdings and receive corresponding tokens on the new network. The verification window opened in late July 2026 and closes at the end of September 2026.
Read about the Layer 2 network · Read the community letter
This page describes technology and plans under active development. Features, timelines and specifications are subject to change. Nothing on this page constitutes an offer to sell or a solicitation to buy any security or financial instrument, nor should any part of it be relied upon as investment advice.
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