BlockCoop SACCO has unveiled Kenya’s first blockchain-powered savings and credit cooperative, in a move set to reshape the country’s cooperative finance sector and deepen its role in Africa’s financial innovation landscape.
Launched in Nairobi on Monday, the platform introduces a digital model designed to tackle persistent challenges facing traditional SACCOs, including limited liquidity of shares, restrictive loan requirements, low member participation, and transparency concerns.
Speaking at the event, the SACCO’s director, Gideon, said the adoption of blockchain technology would enhance efficiency and trust while broadening access to financial services.
“Blockchain technology enables us to build a more transparent, inclusive and efficient SACCO model,” he said.
At the core of the innovation is a digital share token dubbed BLOCKS, which converts conventional SACCO shares into tradable assets. This allows members to buy and sell shares more easily, effectively unlocking liquidity and opening participation to a wider, including global, investor base.
The model also departs from traditional guarantor-based lending, introducing guarantor pools and trust-based scoring systems aimed at expanding access to credit.
Since opening its share trading platform in October 2025, BlockCoop says it has recorded rapid growth, reaching an estimated market capitalisation of Sh1.3 billion and attracting a growing number of members and investors.
The SACCO has also rolled out a loyalty programme, “Lipa na BLOCKS,” which allows users to acquire tokens from the secondary market and receive discounts when making payments via mobile money, till numbers and paybill services.
In a bid to scale its operations, BlockCoop announced partnerships with Nomachain and HF Group. The collaborations are expected to support regulatory compliance and enable tokenisation of SACCO assets such as land and buildings, addressing long-standing liquidity constraints.
The launch signals a broader shift within Kenya’s cooperative movement towards technology-driven models aimed at improving efficiency, inclusion and investment opportunities.
