What Convexity Technologies does

Convexity Technologies Limited is a turnkey blockchain and consultancy firm headquartered in Abuja, Nigeria, founded in 2020 and operating with 11-50 employees distributed across Nigeria, Kenya, and the United States. The company develops bespoke blockchain infrastructure and digital asset solutions for enterprises, governments, NGOs, and humanitarian organizations, built on a multi-chain architecture spanning public (Ethereum, Polygon, Avalanche), private (Hyperledger Fabric, Hyperledger Besu, Quorum, Corda), and consortium chains. Convexity has established a notable regulatory footprint in Nigeria, including orchestrating a five-day blockchain training program for the Central Bank of Nigeria across eight departments and securing SEC Regulatory Incubation Program approval for its cNGN stablecoin.

The company's core product portfolio centers on three flagship solutions: CHATS, a blockchain-powered humanitarian aid transfer platform enabling transparent cash and voucher assistance distribution with geo-fencing and real-time monitoring; cNGN, Nigeria's first regulated stablecoin backed 1:1 by Naira reserves with approximately 602.9 million tokens in circulation as of September 2025; and MojaaEx, a tokenized marketplace for trading real-world company shares and equity across Africa. Supporting products include the Odozi MPC Wallet for secure digital asset custody, ZK Proof for privacy-preserving identity verification, BitCert for tamper-proof credential verification, BitCert, and a Stablecoin-as-a-Service offering targeting banks and government institutions. The company also operates an Academy (training), Accelerator (blockchain startup funding/mentorship), and Enterprise Consultancy practice.

Convexity operates a professional services-driven business model through direct enterprise field sales targeting government bodies, financial institutions, and NGOs, supplemented by transaction fees on MojaaEx, licensing and service fees from Stablecoin-as-a-Service deployments, and project-based or retainer technical services for tokenization, smart contract development, and multi-chain infrastructure. Pricing is quote-based with no public disclosure, consistent with bespoke enterprise engagements. The customer base includes the Central Bank of Nigeria, Red Cross Nigeria, The Roddenberry Foundation, and various fintech and blockchain technology partners. The company received a September 2025 SAFE investment in Continental Stablecoin Inc. (cNGN developer) from DeFi Technologies, Coinbase Ventures, and Adaverse.

Name

Convexity Technologies

Legal name

CONVEXITY TECHNOLOGIES LIMITED

Website

https://withconvexity.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Convexity Technologies is a Nigerian turnkey blockchain consultancy founded in 2020 that builds bespoke multi-chain infrastructure, the cNGN regulated stablecoin, and the CHATS humanitarian aid platform for governments, financial institutions, and NGOs across Africa.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Prepackaged Software (7372)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

akta.pro secondary industries

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA), Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI)

Keywords

• Blockchain infrastructure
• Asset tokenization services
• Stablecoin issuance platform
• Real world assets
• Enterprise blockchain consulting

Headquarters

HQ city

Abuja

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Blockchain Consultancy and Enterprise Solutions: High-level advisory and bespoke blockchain infrastructure consulting for corporate and government adoption. Revenue is generated through project-based professional services engagements.
2. Technical Services: Blockchain, tokenization, and stablecoin development services including smart contract development, multi-chain infrastructure setup, and digital asset custody solutions. Billed as project or retainer engagements.
3. Agency Services: Industry-niched expert insight and consultancy on blockchain technology and tokenization for third parties.
4. Accelerator Services: Funding and mentorship programs for blockchain innovators, potentially generating revenue through equity or service fees.
5. Stablecoin-as-a-Service: End-to-end issuance and treasury management solutions for banks and government institutions launching custom-pegged stablecoins. Revenue likely generated through setup fees, licensing, and ongoing management service charges.
6. Mojaa Exchange: Tokenized marketplace for trading Real World Assets (companies' shares and equity) across Africa. Revenue model based on trading fees and transaction take rates on listed assets.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Convexity Technologies delivers turnkey blockchain solutions and consultancy services, developing proprietary products for asset tokenization, stablecoin issuance, humanitarian aid transfer, and real-world asset trading. The company builds multi-chain blockchain infrastructure and sells it through enterprise consulting, technical services, and managed product offerings (CHATS, cNGN, MojaaEx, Odozi MPC Wallet) to governments, financial institutions, NGOs, and enterprises primarily across Africa.

Product overview

Convexity Technologies is a turnkey blockchain and consultancy firm offering a platform-plus-modules architecture. The core product portfolio centers on three flagship solutions: (1) CHATS, a blockchain-powered humanitarian aid transfer platform for transparent cash and voucher assistance distribution; (2) cNGN, Nigeria's first regulated stablecoin backed 1:1 by Naira reserves; and (3) MojaaEx, a tokenized marketplace for trading real-world companies' equity across Africa. Supporting these are Web3 tools including the Odozi MPC Wallet for secure crypto custody and ZK Proof for zero-knowledge identity verification. The Stablecoin-as-a-Service module enables banks and governments to issue custom stablecoins. A suite of API Tools (Escrow, NFT, KYC, Wallet, Explorer) and Technical Services (Tokenization, Banking/Finance, Real World Assets, Enterprise Blockchain, Identity Infrastructure, Smart Contracts, Multi-chain Infrastructure, Digital Asset Custody) provide implementation capabilities. The ecosystem is complemented by Enterprise Consultancy, an Accelerator program, and an Academy offering blockchain training. The company operates across public, private, and consortium blockchain networks including Ethereum, Polygon, Avalanche, Hyperledger Fabric, Bantu, and Corda.

Differentiator

Problem solved

Functional benefit

Brands

• CHATS: Convexity Humanitarian Aid Transfer Solution - a blockchain-powered digital voucher transfer solution for humanitarian aid, enabling cash and voucher distribution with transparency and accountability for NGOs, donors, and beneficiaries.
• cNGN
• Odozi MPC Wallet
• MojaaEx
• BitCert
• ZK Proof
• CHATS.CASH

Products and services

• CHATS (Convexity Humanitarian Aid Transfer Solution) Blockchain-powered platform for humanitarian organizations to manage cash and voucher assistance (CVA) programs, enabling transparent fund disbursement, beneficiary tracking, vendor management, and real-time monitoring of aid distribution across Africa.
• cNGN Stablecoin Nigeria's first regulated stablecoin, fully compliant and backed 1:1 by Naira reserves, offering a secure, audited, and stable digital asset rail for financial operations without crypto volatility. Bridges traditional banking and Web3 with approximately 602.9 million tokens in circulation.
• MojaaEx A tokenized marketplace for trading real-world companies' shares and equity across Africa and globally, powered by Convexity's institutional-grade infrastructure with a high-performance matching engine and self-custody capabilities. Reports 5.6k+ total users, 300+ market pairs, and $100M+ in trading value since launch.
• Odozi MPC Wallet A Web3 multi-party computation (MPC) wallet providing a secure gateway to cryptocurrency management with enhanced security features for digital asset custody, using cryptographic key splitting for institutional-grade self-custody.
• ZK Proof A Web3 zero-knowledge proof solution for privacy-preserving identity verification and transaction validation using advanced cryptographic techniques.
• Stablecoin-as-a-Service End-to-end issuance and treasury management solution for banks and government institutions to launch and manage custom-pegged stablecoins, including bespoke smart contracts, regulatory dashboards, reserve management, white-labeled onboarding and KYC flows, and multi-chain compatibility.
• Enterprise Consultancy High-level advisory services for corporate blockchain adoption, providing strategic guidance on technology implementation, integration, and digital transformation through enterprise field sales engagements.
• Accelerator Funding and mentorship program for blockchain innovators and startups, providing resources, expertise, and equity-aligned support to develop and scale blockchain solutions in the African market.
• Technical Services (Tokenization, Smart Contracts, Multi-chain Infrastructure, Digital Asset Custody) Technical consulting and development services spanning tokenization, banking and finance solutions, real-world asset tokenization, enterprise blockchain implementation, customized wallet development, identity infrastructure, smart contract development, multi-chain infrastructure setup, and digital asset custody — billed as project or retainer engagements.
• Convexity Academy Blockchain training programs for personnel at all levels in private corporations, financial institutions, and government bodies, covering technical and strategic aspects of distributed ledger technology. Notable program includes a five-day blockchain training for the Central Bank of Nigeria.

Quantifiable outcome

• cNGN stablecoin reached approximately 602.9 million tokens in circulation with Nigeria having over 25.9 million stablecoin users (11.9% penetration rate)
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Central Bank of Nigeria (CBN)coreStrategic or Co-development PartnerConvexity Technologies orchestrated a groundbreaking five-day blockchain training program for the CBN, with officials from Payment Systems, Monetary Policy, Consumer Protection, Risk Management, Banking Supervision, Legal, Printing and Minting, and IT departments. This training laid early foundations for Nigeria's digital asset regulatory mindset and positioned the CBN as a leader in blockchain regulation.
• BantuminorStrategic or Co-development PartnerBantu CEO Ernest Mbekum stated that Convexity is one of the first blockchain-based hubs in Nigeria, and the two companies have partnered collaboratively with an excellent working relationship and continued collaboration.
• Red Cross Nigeria (Abuja Chapter)coreStrategic or Co-development PartnerConvexity and Red Cross Abuja Chapter partnered on a malaria initiative in the Durumi IDP camp, serving 40+ households. CHATS was used as the technological backbone to identify beneficiaries, record funding, and provide trustable reports. Vendor pharmacies were onboarded to provide free malaria tests and distribute medication.
• SEC Regulatory Incubation ProgramcoreOtherscNGN stablecoin is bolstered by regulatory approval under the SEC's Regulatory Incubation (RI) Program, significantly contributing to the growth of Nigeria's digital asset ecosystem. This regulatory relationship enables compliant stablecoin operations in Nigeria.

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Regional players

• Bitnob: Nigeria-headquartered Bitcoin and stablecoin platform providing remittances, payments, and treasury services across Africa. Comparable to Convexity's stablecoin and payment infrastructure focus, with overlapping target customers (banks, fintechs, and cross-border remittance users in Africa).
• Yellow Card: Pan-African crypto exchange and on/off-ramp operating across Nigeria and other African markets. Highly comparable to Convexity's MojaaEx and cNGN ecosystem as a regulated African crypto trading platform targeting similar retail and institutional users.

Others

• Polygon Labs: Major enterprise blockchain infrastructure provider with tokenization, identity, and payments solutions (Polygon CDK, POL token, Polygon ID). Comparable as a multi-chain enterprise blockchain partner Convexity integrates with and competes against for enterprise tokenization engagements.
• R3 (Corda): Enterprise blockchain platform (Corda) used by banks and financial institutions for tokenization, digital identity, and settlement. Comparable as a permissioned-DLT infrastructure provider Convexity integrates with for enterprise bank/finance deployments.

Direct peers

• Securitize: Enterprise tokenization platform for real-world assets and securities with regulated issuance, transfer, and custody. Directly comparable to Convexity's MojaaEx RWA marketplace and broader tokenization services targeting similar institutional issuers.
• Ondo Finance: Tokenization platform offering tokenized US Treasuries and other yield-bearing RWA products with institutional liquidity. Comparable to Convexity's RWA marketplace and Stablecoin-as-a-Service, especially in bringing real-world financial assets on-chain via regulated rails.

Broad incumbents

• Circle (USDC issuer): Issuer of USDC, the leading regulated USD stablecoin with global bank and fintech partnerships. Comparable as a regulated stablecoin issuer and enterprise infrastructure provider; represents a direct competitive threat to cNGN and Stablecoin-as-a-Service economics.
• Paxos: Regulated stablecoin issuer (USDP, PayPal's PYUSD) and enterprise tokenization platform serving banks and fintechs. Comparable to Convexity's Stablecoin-as-a-Service and tokenization offerings, with overlapping B2B stablecoin-as-a-service positioning.
• Luno: Major African-focused crypto exchange (owned by Digital Currency Group) operating across Nigeria, South Africa, and other emerging markets. Comparable as a regulated crypto trading and stablecoin access platform for African retail and institutional users.

Emerging players

• World Food Programme (Building Blocks): UN agency's blockchain-based humanitarian aid distribution program using DLT for cash and voucher transfers. Directly comparable to Convexity's CHATS platform in mission (transparent aid disbursement), beneficiary management, and donor reporting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/withconvexity_
• YouTubeyoutube.com/@withconvexity
• Facebookfacebook.com/convexity
• LinkedInlinkedin.com/company/convexity
• Instagraminstagram.com/withconvexity

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Convexity Technologies