Aptos Foundation partners with Daya and HashKey MENA to create regulated stablecoin payment corridor between Middle East and Africa

Daya: Daya is a Pan-African stablecoin payments platform building regulated cross-border payment rails for Africa and beyond. It provides a full-stack API including virtual Naira accounts, payroll and payment flows, fiat on- and off-ramps, and third-party payouts to enable faster and lower-cost cross-border money movement for African businesses, fintechs, and enterprises. Daya is a key partner in the Corridor Pilot Agreement, supplying the Pan-African on- and off-ramps and integration capabilities for the stablecoin settlement flows between the Middle East and Africa on Aptos. HashKey MENA: HashKey MENA FZE is the Dubai-based virtual asset exchange and OTC provider under HashKey Group, operating as a licensed Virtual Asset Service Provider. It specializes in compliant AED/USD and multi-currency on- and off-ramps to stablecoins on a first-party transfer basis. HashKey MENA is leading the Corridor Pilot Agreement to establish regulated stablecoin-enabled settlement flows for B2B cross-border commerce between the Middle East and Africa, in partnership with Daya and Aptos Foundation. Aptos Foundation: Aptos Foundation supports the development and ecosystem growth of the Aptos Layer 1 blockchain protocol with a focus on seamless usability and broader access to decentralization benefits. It is providing the settlement layer for the pilot B2B stablecoin payment corridor. The foundation's collaboration enables on- and off-ramps across Nigerian Naira and other African currencies alongside traditional SWIFT and bank wire options. Virtual Assets Regulatory Authority: The Virtual Assets Regulatory Authority (VARA) is Dubai's regulatory body overseeing virtual asset service providers in the emirate. It has licensed HashKey MENA FZE, authorizing its crypto trading and on/off-ramp activities. This licensing provides the regulatory foundation for the compliant stablecoin payments corridor initiative between the Middle East and Africa. Blockchain: Aptos serves as the settlement layer with sub-second finality for stablecoin movements between African and Middle Eastern businesses. Regulation: HashKey MENA operates under a VARA license as a Virtual Asset Service Provider, enabling compliant on- and off-ramps for the cross-border stablecoin corridor. Partnership: The pilot integrates Daya's Pan-African payment APIs with HashKey MENA's regional ramps on Aptos to support local-currency settlements alongside traditional banking rails.