Gate News message, April 28 — BlockCoop SACCO has launched Kenya’s first blockchain-powered SACCO (savings and credit cooperative), introducing a technology-driven model designed to modernize traditional cooperative finance. The initiative leverages blockchain infrastructure to improve liquidity, increase transparency, broaden member participation, and simplify credit access.
A key innovation is BLOCKS, a digital share token that converts traditional SACCO shares into tradable digital assets. This enables members to buy, sell, and transfer holdings more efficiently, addressing historical liquidity challenges in cooperative structures. Since the share trading platform’s launch on October 1, 2025, the SACCO has reported rapid expansion, with an estimated market capitalization of approximately KES 1.3 billion and steadily rising membership and investor participation.
BlockCoop SACCO also introduced an alternative credit evaluation mechanism replacing conventional guarantor requirements, utilizing guarantor pools and trust-based scoring systems to create a more inclusive framework for loan accessibility. Additionally, the organization launched Lipa na BLOCKS, a loyalty program connecting everyday spending with blockchain-based savings and investment opportunities. Participants can acquire BLOCKS tokens and receive discounts on Till numbers, Paybill services, and mobile payment transactions.
The platform announced strategic partnerships with Nomachain and HF to accelerate SACCO digitization across the region. HF will provide compliant infrastructure ensuring regulatory alignment, while Nomachain will support tokenization of SACCO assets and shares, unlocking value from traditionally illiquid assets such as land and buildings.
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