A startup developing secure blockchain connectivity solutions to enhance the safety of digital asset transactions.
After raising $5.5 million for Hyperbridge, Polytope Labs wants to build for Nigerian fintechs too
Polytope Labs plans to expand its products beyond Web3, courting traditional financial institutions. The new liquidity solution is designed to help cross-border and remittance companies with liquidity bottlenecks.
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Decentralized finance (DeFi) is addressing long-standing financial challenges in Africa, including fraud and high transaction fees. Cryptocurrency transactions in sub-Saharan Africa are projected to reach $205 billion between July 2024 and June 2025.
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Blockchain.com is focusing on Africa, particularly Nigeria, and plans to roll out tokenised US equities. Polytope Labs has developed Hyperbridge, a secure way for blockchains to connect without centralised approval.
