Africa’s blockchain industry is moving from experimentation to real economic relevance, according to the latest edition of the CV VC African Blockchain Report published by CV VC in collaboration with Absa Group.
The report shows that blockchain accounted for 5.3% of all venture funding in Africa in 2025.
Despite a broader slowdown in venture capital deployment across Africa, blockchain continues to punch above its weight. African blockchain startups raised a total of $90.1 million in 2025 across 28 deals. While this represents a 26.6% year-on-year decline in funding, the continent’s share of global blockchain deal activity reached a record 2.8%. Blockchain in general made up 6.9% of all startup deals in Africa, up from 6.1% in 2024. .
Globally, blockchain venture funding rose 28.8% to $15.4 billion, while total venture funding across sectors climbed 24.7% to $512.8 billion. Africa, however, captured just 0.33% of global venture capital, securing $1.7 billion overall.
Mathias Ruch, Founder and CEO of CV VC, said the continent is no longer an emerging player.
“Africa is not an emerging blockchain market. It is an arriving one,” he noted, pointing to the region’s ability to integrate blockchain into core economic infrastructure.
Centralised blockchain services dominated funding, accounting for 67.9% of capital deployed. Key areas attracting investment include stablecoin-powered payments, tokenised real-world assets, digital asset banking infrastructure and blockchain-based credit systems.
“Africa has already demonstrated its ability to leapfrog legacy infrastructure through mobile money,” said Jarryd Kennedy, CV VC Head of Investments Africa. “Blockchain and stablecoins are enabling the next leap to a digitally native financial system that is faster, more accessible and increasingly interconnected across borders.”
Pan-African startups accounted for the majority of funding, securing 57.2% of total capital raised. South Africa followed with 21.1%, while Nigeria captured 13.5%. Other active markets included Kenya, Egypt, Ghana and Rwanda.
Regulatory clarity is also improving. Fifteen African countries now have formal digital asset frameworks in place—more than double the seven recorded a year earlier.
Rob Downes, Head of Digital Assets at Absa Corporate and Investment Banking, said institutions are increasingly looking for trusted environments where digital and traditional assets can coexist.
“Institutions want secure, regulated infrastructure that allows digital assets to sit alongside traditional assets within the same trusted banking environment,” he said.
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Also Read: Who Is Shaping Africa’s Blockchain Future? Insights from the Cardano Ecosystem
