Africa Crypto News Week: Lisk $15M Fund, Hurupay Stablecoin Transactions, Luno Receives Award In South Africa

This week in Africa’s crypto landscape, the distributed ledger protocol Lisk has launched a $15M Web3 investment fund aimed at supporting startups in Africa, Southeast Asia, and the LATAM region. With this additional funding, African startups and those in developing economies will gain essential backing and accelerate growth within their regions.

Based in Ghana, the payment platform Hurupay is set to roll out a feature that enables users to trade U.S. stocks using stablecoins. Additionally, they’re introducing an “Earn” function where lenders can gain up to +10% APY. Stablecoins have become a crucial facet of the cryptocurrency market, boasting a market cap exceeding $300Bn, according to Coingecko.

In other update, Luno has been honored with the MyBroadband 2025 award for the best crypto exchange in South Africa. As one of the key regulated exchanges in Africa, with operations in South Africa and Nigeria, this recognition underscores its significant contribution to fostering crypto adoption across the continent.

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Here are some of the highlights from this week’s continental headlines:

Africa Crypto News: Lisk Launches $15M Fund for Blockchain Startups

Lisk, the Ethereum layer-2 platform aimed at facilitating scalable dapps and attracting developers in emerging markets, has established the EMpower fund to aid distributed ledger startups across Africa, Southeast Asia, and LATAM.

The layer-2 platform is capitalizing on the notion that venture capital and Silicon Valley tend to overlook many startups in developed nations. The EMpower fund will have a total of around $15M, with individual startups being eligible for funding up to $250,000.

Today, the Lisk EMpower Fund goes live — a $15M venture fund backing founders in Africa, Southeast Asia, and Latin America.

Our mission: close the capital gap and support proven products on their path to global scale.
https://t.co/IzZIVAIvwl

The opportunity ahead pic.twitter.com/uHAF091ANI

— Lisk (@LiskHQ) October 2, 2025

Gideon Greaves, Lisk’s head of investment strategy, remarked that founders in Africa and other developing regions have shown their capacity to create widely adopted products despite limited access to venture capital. He anticipates that these innovators will develop the next wave of unicorns.

The current goal is to discover potential and facilitate its growth. Early funding has already been granted to three startups, including South Africa’s Lov Cash, along with Afrikabal, an agritech initiative.

In the coming decades, population growth in Africa and Asia is set to lead globally. Investing in these startups may prove to be a worthwhile long-term investment, given the anticipated expansion of these markets.

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Ghana Crypto News: Hurupay Enables Stablecoin Trading for U.S. Stocks

The cross-border payment protocol Hurupay is launching an “Invest” feature that allows its users to trade U.S. stocks using stablecoins. This strategic move signifies Hurupay’s intention to expand beyond mere payment services.

September wasn’t just another month on Wall Street, it was history in the making.
For the first time in over 15 years, both the S&P 500 and Nasdaq recorded one of their strongest Septembers. Investors are calling it a signal of uptrend momentum, and the energy is only… pic.twitter.com/HEGgKrOtDL

— Philip | Hurupay (@philip_hurupay) October 1, 2025

As it broadens its service portfolio, the company is also working closely with regulators. Notably, the payment platform claims to be among the first to provide crypto products aligned with Ghana’s evolving regulations.

In its initial years, Hurupay has primarily centered on international payments. The remittance sector for expatriate Africans is extensive but faces fierce competition.

By enhancing its suite of savings and investment solutions, Hurupay aims to offer users compelling reasons for fully engaging with the platform.

This payment service operates out of Ghana, with a presence extending to Kenya, Nigeria, and various other countries globally.

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South Africa Crypto News: Luno Secures MyBroadband Trading protocol of the Year Award

Luno exchange has been recognized as the MyBroadband trading platform of the year in South Africa for its performance in the local trading market.

MyBroadband is the leading IT announcement website in South Africa, regularly reporting on trends in crypto and fintech.

Luno continues to be the largest exchange in South Africa, receiving the award due to its widespread popularity and trustworthiness.

This trading network was launched relatively early in the market and has cultivated a strong brand over its 12 years of operation.

A recent initiative to provide access to tokenized U.S. stocks has further solidified the platform’s status as South Africa’s leading trading network.

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