Cryptocurrency exchange Quidax has announced a partnership with Lisk blockchain to create Africa’s first regulated gateway for Web3 builders to access stablecoin and fiat liquidity.
The partnership was announced in a statement from Quidax on Tuesday.
The PUNCH reports that in 2024, Quidax made history as the first crypto exchange to receive a provisional operating licence from the Securities and Exchange Commission. Thus, this partnership builds on that regulatory foundation, enabling Quidax customers to trade and move value seamlessly using USDT, USDC, LSK, and Ether (ETH) on the Lisk network.
The new partnership is set to expand access to regulated digital asset infrastructure for developers and fintech innovators across Africa. It establishes a bridge between a locally licensed exchange and a Layer-2 blockchain ecosystem, allowing builders on the Lisk network to access stablecoins and local currencies through Quidax’s liquidity rails at competitive rates.
Beyond retail crypto trading, the partnership is targeted at developers building financial solutions across the continent.
Startups and Web3 founders will be able to integrate stablecoins and digital assets into products, including neobanks, cross-border payment platforms, regional exchanges and broader fintech applications.
Quidax’s Chief Infrastructure Officer, Morris Ebieroma, said the collaboration would allow the exchange to serve growing demand from businesses seeking stablecoin rails for African-focused products.
“The partnership with Lisk enables us to extend our platform to serve more people and cater to the increasing demand from products and services that want to integrate our stablecoin and digital assets product to build products across Africa,” he said.
For Lisk, which recently transitioned to an Ethereum Layer-2 architecture, the partnership represents a key step in its Africa growth strategy.
Lisk’s Ecosystem Lead for Africa, Chidubem Emelumadu, described the continent as a critical frontier for blockchain innovation, citing strong demand for inclusive and reliable financial tools among individuals and businesses.
“Africa represents one of the most critical frontiers for blockchain innovation, where the demand for reliable and inclusive financial tools is urgent. Our partnership with Quidax expands access to stablecoins and on-chain financial opportunities for everyday users and businesses. At the same time, it gives founders building on Lisk the critical infrastructure they need to create solutions that can scale meaningfully across the continent,” he said.
By providing regulated fiat on-ramps alongside blockchain scalability, the Quidax-Lisk alliance could accelerate stablecoin adoption for remittances and payments, fintech product development across African markets, institutional confidence in compliant crypto infrastructure, and Web3 startup growth within Nigeria’s tech ecosystem.