Onafriq partners with Privy to build regulated stablecoin infrastructure for b2bs across Africa. Onafriq, Africa's largest payments network, has partnered with leading stablecoin infrastructure provider, Privy, to strengthen its digital asset infrastructure and drive the development of stablecoin-enabled payment services for businesses across its network. The partnership will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross chain stablecoin transfers, and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions. Moving money between African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles. As demand for faster alternatives rises among payments companies and financial institutions, stablecoins offer a viable avenue to eliminate these delays and unlock liquidity. Integrating Privy's secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators. This partnership is a key component of Onafriq's broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent. "At Onafriq, we keep investing in technology that makes payments faster and more accessible," said Luke Kyohere, Group Chief Product and Innovation Officer at Onafriq. "Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa's payment ecosystem benefits securely and in line with regulatory frameworks." Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology. "Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement," said Henri Stern, Co-Founder and Chief Executive Officer of Privy. "Working with Onafriq allows us to help build that foundation across Africa and beyond." The partnership will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services. It reflects Onafriq's commitment to driving Africa's digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible. King Bee Kiragu is the quintessential man-about-town and a lifestyle connoisseur. Stylish and tapped in, he stays abreast of all things pop culture and entertainment. He has a keen eye for the good life, high-end aesthetics and travel.

Powering 24/7 global markets with Arcus. How Arcus uses Privy to build a seamless trading experience for tokenized equities and perpetuals on Robinhood Chain Debbie Soon Jul 22, 2026 Traditional markets were built around trading hours, geographic borders, and financial intermediaries. While crypto proved that financial markets can be global, programmable, and always on, most traditional assets remain locked behind legacy infrastructure. Built by the team behind dYdX, Arcus is rethinking what a modern exchange looks like. Launching on Robinhood Chain, Arcus combines tokenized equities and perpetual markets into a single platform that gives traders around the world access to capital markets around the clock. To deliver that experience, Arcus chose Privy as the wallet infrastructure behind every trading account. Every user receives a self-custodial wallet that combines the simplicity of a modern trading app with the security, ownership, and performance required for high-frequency onchain trading. Bringing global markets onchain. Arcus was built around the idea that markets shouldn't close because the clock says so. Launching with more than 95 tokenized equities, Arcus gives users around the world 24/7 access to stocks, commodities, and other assets that have traditionally been limited by market hours and geography. Alongside spot trading, users can also trade perpetual futures, derivatives that let traders take long or short positions without owning the underlying asset. Built on Robinhood Chain's tokenized asset infrastructure, every tokenized equity is backed 1:1 while remaining fully onchain, allowing users to trade, self-custody, and move assets across the broader ecosystem. As the platform evolves, Arcus will also introduce a unified cross-margin account, allowing traders to use multiple assets, such as tokenized equities and crypto, as collateral across positions. Instead of managing separate balances for different markets, users can deploy their capital more efficiently through a single trading account. Reimagining the trading account. For Arcus, the wallet isn't simply where assets are stored. It's the account through which users access markets. By using Privy, Arcus gives every user an account that combines the familiarity of a modern trading platform with the ownership and interoperability of onchain assets. Users can trade, hold tokenized equities, manage collateral, and participate across the broader onchain ecosystem, all through a wallet that's seamlessly integrated into the product. Why Arcus chose Privy. Using Privy, Arcus can deliver: * Self-custodial embedded wallets for every user * Hardware-isolated key management secured by Trusted Execution Environments (TEEs) * Low-latency transaction signing * Production-ready wallet infrastructure built to scale * Seamless authentication across web and mobile For a high-performance exchange, wallets are critical infrastructure. Privy provides the security, performance, and reliability Arcus needs to deliver responsive trading while preserving self-custody, allowing the team to focus on building the future of global markets. A new model for global markets. The tokenization of equities, commodities, and other real-world assets is reshaping how global markets are accessed. Rather than existing in separate systems, these assets can increasingly be traded, held, and used together within a single onchain account. Historically, traders opened brokerage accounts to access markets. As more financial assets move onchain, the wallet is becoming that account, giving users a single place to trade, hold, and move value across asset classes. Arcus is showing what happens when tokenized assets, self-custodial wallets, and modern market infrastructure come together in a single product. Privy is proud to provide the wallet infrastructure behind that experience.

SEC charges Privvy founder in $12.3 million crypto fraud. Phemex News 2026/05/30 15:30 The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Privvy founder, accusing him of orchestrating a $12.3 million cryptocurrency fraud. The SEC claims that the founder misled investors by promoting non-existent AI 'bots' and misappropriated funds for personal expenses, including a $1 million house, gambling, trading cards, travel, and a Jeep. The legal action highlights ongoing regulatory scrutiny in the crypto sector. Disclaimer: The content provided on Phemex News is for informational purposes only. Phemex group do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. Phemex group strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.