DeFi Technologies, a financial technology company bridging traditional capital markets and decentralized finance, today announced a strategic investment in Continental Stablecoin Inc. through a SAFE agreement. The investment supports the development of regulated local-currency stablecoins in Africa, including Nigeria’s cNGN, alongside Coinbase Ventures, Adaverse, and other global stablecoin leaders.
Stablecoins are becoming one of the most powerful growth drivers in digital assets. As programmable, borderless representations of fiat currency, they are reshaping payment systems, remittances, and treasury operations—especially in markets where access to reliable financial tools and stable currencies is limited.
Nigeria has emerged as the world’s leading adopter of stablecoins, with more than 25.9 million users and an 11.9% penetration rate. Demand is fueled by the need to hedge against naira volatility, preserve value in USD-pegged assets, and streamline cross-border payments. At the same time, Nigeria’s regulatory environment is maturing rapidly: the Securities and Exchange Commission has formally recognized digital assets under the amended Investments and Securities Act 2025, while the Central Bank of Nigeria has issued updated guidelines permitting formal banking relationships with cryptocurrency firms.
CSI is building the infrastructure that fits this moment—creating a compliant, next-generation stablecoin framework designed to meet the needs of banks, fintechs, and retail users across Africa. At the center of this effort is the cNGN stablecoin, issued by Wrapped CBDC Limited, a joint venture between leading African blockchain firms Convexity, AlphaGeeks, and Interstellar.
As of September 15, 2025, cNGN had ~602.9 million tokens in circulation, more than 75,000 on-chain transactions, and cumulative trading volumes exceeding 20.1 billion cNGN. Daily volumes reached ~164.4 million cNGN, underscoring its position as one of the fastest-growing regulated digital asset networks in the region.
“Stablecoins will form the backbone of modern financial systems,” said Andrew Forson, President of DeFi Technologies. “We believe that locally regulated, purpose-built stablecoins like cNGN will unlock scalable, real-world use cases in payments, savings, and commerce — and we’re excited to support that future across Africa and beyond.”
This move strengthens DeFi Technologies’ global strategy of advancing compliant digital asset adoption. Through platforms like Valour ETP in Europe and digital asset treasury solutions via DeFi Advisory, the company continues to back critical infrastructure that enables Web3 finance to scale responsibly.
By aligning with innovators such as Continental Stablecoin Inc. and Convexity Technologies, DeFi Technologies is positioning itself at the intersection of compliance, infrastructure, and innovation—driving long-term value across both emerging and developed markets.