Paga Joins Forces With Sui Foundation to Tokenize Assets Across Africa

The Sui Foundation and African fintech platform Paga have entered into a formal partnership designed to accelerate the adoption of tokenized real-world assets and blockchain-based financial tools across African markets.

The collaboration marks a significant step in bringing decentralized finance infrastructure to a continent where large segments of the population remain underserved by traditional banking systems. By leveraging the Sui blockchain's technical capabilities, the two organizations aim to create accessible digital financial products tailored to the needs of African users.

Tokenized real-world assets — which involve representing physical or financial assets such as real estate, commodities, or receivables as digital tokens on a blockchain — are increasingly viewed as a mechanism for expanding financial inclusion in emerging markets. The partnership between Sui Foundation and Paga is intended to put this technology within reach of everyday consumers and businesses operating in Africa.

Paga, which is headquartered in Nigeria and has built a substantial user base across the continent, brings established payment infrastructure and local market expertise to the agreement. The company has previously focused on mobile money transfers and payment processing, making it a natural bridge between conventional financial services and emerging blockchain-based alternatives.

The Sui Foundation, which oversees development and growth of the Sui Layer 1 blockchain network, contributes technical resources and a high-throughput infrastructure capable of processing large transaction volumes at low cost — a key requirement for markets where microtransactions and small-value payments are common.

Together, the partners plan to develop and deploy financial instruments that combine the programmability of blockchain technology with the distribution reach that Paga has established across African economies. Specific product details, timelines, and target markets beyond the continent-wide scope have not yet been disclosed by either organization.

The announcement reflects a broader trend of blockchain networks actively targeting African markets, which analysts consistently identify as high-growth regions for digital financial services due to relatively low penetration of legacy banking infrastructure and high mobile device usage rates.

No financial terms of the partnership were made public at the time of the announcement.