BlockCoop SACCO Launches Kenya’s First Blockchain-Powered Cooperative to Redefine the Future of African Finance
From left Isaac Thendenu (Director) Waithaka Ndiritu (Director), Gerald Githinji (Director Nomachain), and Gideon Gitonga (Managing Director) share the stage during the launch of Kenya’s first blockchain-powered cooperative.
NAIROBI, KENYA — The Kenyan financial landscape witnessed a historic transformation on April 27, 2026, as BlockCoop SACCO officially launched the nation’s first blockchain-powered savings and credit cooperative.
This pioneering move marks a significant milestone in the evolution of Africa’s cooperative movement, promising to solve age-old inefficiencies through the power of decentralized technology.
By merging the communal trust of the cooperative spirit with the transparency of the blockchain, Kenya has once again solidified its reputation as a leader in global financial technology.
Director Mr. Gideon highlighted during the ceremony that the initiative is designed to restore trust and broaden the reach of cooperative finance for a new generation.
“As we advance cooperative finance, our focus is on leveraging innovation to address structural challenges while expanding access and trust,” he noted.
The traditional SACCO model has long been a pillar of the Kenyan economy, yet it has remained tethered to rigid structures like illiquid share capital and the difficult hunt for loan guarantors.
BlockCoop SACCO’s new model aims to dismantle these barriers by utilizing a decentralized ledger to ensure every transaction is visible and immutable.
“Blockchain technology enables us to build a more transparent, inclusive, and efficient SACCO model,” Mr. Gideon emphasized.
At the heart of this digital overhaul is the BLOCKS token, which converts static shares into fluid, tradable digital assets. In a traditional system, shares are often “locked” until a member exits, but BLOCKS allows members to trade their stakes on a secondary market, providing immediate liquidity.
This innovation has already attracted a global pool of investors and driven the SACCO’s market capitalization to an estimated KES 1.3 billion since trading began in late 2025.
Beyond liquidity, the SACCO is moving away from the conventional requirement of finding individual guarantors, a process that often strains social relationships. Instead, it is introducing guarantor pools and trust-based scoring to democratize credit access.
“As the cooperative sector continues to evolve, BlockCoop SACCO remains committed to driving innovation that empowers members and builds a more inclusive financial future,” the Director added.
To ensure the system is both scalable and compliant, BlockCoop announced strategic partnerships with HF Group and Nomachain. HF Group will provide the necessary compliant infrastructure to ensure the SACCO meets all regulatory standards, while Nomachain provides the technical engine for tokenizing physical assets like land and buildings.
This collaborative ecosystem is expected to be a game-changer for the sector, allowing cooperatives to unlock the value of illiquid assets and turn them into fractional, tradable units.
Furthering its reach into the everyday lives of Kenyans, the SACCO also unveiled the “Lipa na BLOCKS” loyalty campaign. This program allows the general public to acquire tokens and use them to secure discounts when paying via Till numbers, Paybills, or mobile money through their dedicated portal.
By turning daily spending into a passive investment vehicle, BlockCoop is effectively bridging the gap between retail consumption and institutional wealth creation.
