Aptos powers B2B stablecoin corridor pilot between MENA and Africa

A new regulated payment corridor aims to fix cross-border trade settlements between two of the world's fastest-growing economic regions.

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Add us on Google by Editorial Team Jun. 5, 2026

Aptos Foundation, HashKey MENA, and Pan-African infrastructure provider Daya launched a pilot program on June 4 to build a regulated B2B stablecoin payment corridor connecting the MENA region with Africa, with settlement happening natively on the Aptos Layer 1 blockchain.

How the corridor actually works

HashKey MENA, which operates under the regulatory oversight of Dubai’s Virtual Assets Regulatory Authority (VARA), anchors the Middle Eastern side of the corridor. On the African end, Daya provides the infrastructure that makes blockchain settlement practical for real-world commerce. Its platform supports fiat on-ramps and off-ramps, including virtual Naira accounts for Nigerian businesses.

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The pilot allows corporations to test compliant settlement solutions. The architecture is designed to address high costs, slow processing times, and chronic liquidity shortfalls.

Why this corridor, why now

It’s a B2B corridor with licensed entities on both ends, operating within existing regulatory frameworks. Enterprise adoption of stablecoins has consistently been bottlenecked by compliance concerns rather than technical limitations.

Aptos as the underlying settlement layer is a deliberate choice. The blockchain was built with a focus on throughput and low transaction costs. Its Move programming language, originally developed at Meta’s defunct Diem project, was designed with financial applications in mind from the start.

What this means for investors

Aptos ecosystem tokens climbed 5.1% following the announcement, pushing the network’s market capitalization to $4.03 billion. Transaction volumes and concrete adoption metrics have not been disclosed.

The risk calculus is straightforward. Pilot programs fail all the time. Regulatory environments in both MENA and Africa can shift quickly. African regulatory frameworks vary dramatically by country, and scaling beyond Nigeria will require navigating a patchwork of compliance regimes.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.