BlockCoop SACCO, a newly established cooperative that integrates blockchain technology into savings and credit operations, has unveiled Kenya’s first blockchain‑powered cooperative, marking a historic milestone in the evolution of the country’s financial sector and reinforcing its position as a leader in innovation across Africa.
The new model leverages blockchain technology to tackle long‑standing challenges in the cooperative movement, including illiquid shares, restrictive loan requirements, limited member participation, and lack of transparency.
By digitising operations, BlockCoop aims to create a more inclusive, efficient, and trustworthy SACCO framework.
Speaking at the launch, Director Gideon Gitonga underscored the importance of innovation in strengthening cooperative finance. “Our focus is on leveraging technology to address structural challenges while expanding access and trust. Blockchain enables us to build a transparent, inclusive, and efficient SACCO model,” he said.
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At the heart of the initiative is the BLOCKS digital share token, which transforms traditional SACCO shares into tradable assets. This innovation introduces liquidity and opens participation to a global market. The model also replaces conventional guarantor requirements with guarantor pools and trust‑based scoring, offering a more accessible approach to credit.
Since commencing share trading on October 1, 2025, BlockCoop SACCO has recorded rapid growth, reaching an estimated market capitalization of KSh 1.3 billion. Building on this momentum, the cooperative has rolled out the “Lipa na BLOCKS” loyalty campaign, allowing participants to acquire BLOCKS from the secondary market and enjoy discounts when making payments. The program is open to the public via lipanablocks.com.
In a major boost to its ecosystem, BlockCoop SACCO announced strategic partnerships with Nomachain and HF. HF will provide compliant SACCO infrastructure to ensure cooperative systems meet regulatory standards, while Nomachain will power the tokenization of SACCO assets and shares, unlocking the value of traditionally illiquid assets such as land and buildings.
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The launch represents a turning point for Kenya’s cooperative sector, offering a blueprint for digitisation and scalability across the region. By integrating blockchain into cooperative finance, BlockCoop SACCO is positioning itself as a pioneer in reshaping how members save, borrow, and invest.
By Masaki Enock
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