DeFi Technologies invests in Continental Stablecoin to support Africa growth

DeFi Technologies Inc. (NASDAQ: DEFT) announced a strategic investment in Continental Stablecoin Inc. through a Simple Agreement for Future Equity. The investment supports development of regulated local currency stablecoins in Africa, including Nigeria's cNGN stablecoin.

Continental Stablecoin Inc. develops regulated stablecoin frameworks for African markets. The cNGN stablecoin is issued by Wrapped CBDC Limited, a joint venture between African blockchain companies including Convexity, AlphaGeeks and Interstellar.

As of September 15, 2025, the cNGN stablecoin had approximately 602.9 million tokens in circulation. The platform has processed over 75,000 on-chain transactions and more than 20.1 billion cNGN in cumulative trading volume, with approximately 164.4 million cNGN in 24-hour volume.

Nigeria leads global stablecoin adoption with over 25.9 million users and an 11.9% penetration rate, according to the 2025 Report on the State of Digital Assets Regulation in Africa. The country ranks first worldwide in stablecoin usage and second in overall digital asset usage.

The Securities and Exchange Commission of Nigeria has formally recognized digital assets, virtual assets and tokenized instruments as securities under the amended Investments and Securities Act 2025. The Central Bank of Nigeria has issued updated guidelines for banking relationships with cryptocurrency firms.

"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."

The investment includes participation alongside Coinbase Ventures, Adaverse and other stablecoin industry participants. DeFi Technologies operates multiple business lines including Valour ETP platform, Stillman Digital prime brokerage, Reflexivity Research, Neuronomics trading strategies, and DeFi Alpha trading business.

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