Convexity operates in one of the world's fastest-growing stablecoin markets: Nigeria received about 59 billion USD in crypto-asset inflows between July 2023 and June 2024, roughly 60% of Africa's stablecoin inflows, per IMF analysis reported by Reuters.
Reuters coverage of IMF analysis (2026-06-16) states Nigeria ranked second globally on Chainalysis's 2024 adoption index. CoinGeek (2025-07-16) reports Sub-Saharan Africa's stablecoin adoption rate is the highest globally, that the market is dominated by offshore dollar-pegged tokens, and that the Africa Stablecoin Consortium, which includes Convexity, is engaging partners in other African countries interested in replicating Nigeria's regulatory model for fiat-backed tokens.
Convexity pairs turnkey enterprise blockchain consultancy with proprietary products across humanitarian payments (CHATS), regulated stablecoins (cNGN), and asset tokenization (MojaaEx).
Its official site positions it as a stablecoin, asset tokenization, and consultancy provider offering agency, technical, enterprise, consultation, and training services, with products spanning CHATS for humanitarian cash and voucher assistance, the cNGN naira stablecoin, the MojaaEx tokenized equities marketplace, and the Odozi MPC wallet. CoinGeek (2025-07-16) credits the Africa Stablecoin Consortium with launching Africa's first regulated stablecoin, and BitcoinKE reports the consortium is led by Convexity with Interstellar, Digital Currency Coalition, and Alpha Geek.
Convexity's products depend on a Nigerian regulatory environment where banks remain wary of digital-asset firms, and cNGN competes against entrenched offshore dollar stablecoins with deeper liquidity.
CoinGeek (2025-07-16) notes Nigerian commercial banks had been barred from processing digital-asset transactions for years and, although the directive was overturned, most banks and fintechs remain wary of a regulatory crackdown, constraining on- and off-ramps for Convexity's products. The same report states Africa's stablecoin scene is dominated by offshore U.S. dollar-pegged tokens such as USDT and USDC, with Yellow Card announcing major distribution partnerships with Circle, so cNGN faces incumbents with far larger liquidity and distribution.
