Aptos Foundation Joins Forces with HashKey MENA to Build Regulated Africa Payment Corridor

Africa's high remittance costs are set to decrease thanks to an initiative from HashKey MENA, Aptos Foundation, and Daya. The three companies plan to build a regulated business-to-business payment corridor between the Middle East and Africa using stablecoins for settlement. This pilot project will initially include Nigeria and other African markets.

The proposed transaction flow involves a local-fiat on-ramp in the Gulf, followed by stablecoin settlement on Aptos, and a local-currency off-ramp in Africa. Businesses would continue sending and receiving local fiat while stablecoins move between regulated or locally connected payment nodes.

HashKey MENA signed a Corridor Pilot Agreement with Aptos Foundation on June 4, 2026. The rollout is planned in two phases: the initial phase supports multinational companies funding local payments through fiat conversion at one end and local-currency withdrawal at the other; the longer-term goal is to use stablecoins as the primary settlement asset for supported B2B corridors.