Nigeria's Daya raises $2.4M to bring tokenised US stocks to African investors
What's the deal? Nigerian fintech DayaDealroom has a profile for this one. Try Dealroom → has raised $2.4 million in a seed round led by HivemindDealroom has a profile for this one. Try Dealroom →, and is launching tokenised US stock trading across Africa. The product lets African retail investors buy tokenised US stocks instantly using stablecoins.
What's the endgame? Daya began with stablecoin payments and is now expanding beyond them. Tokenised stocks let it plug local investors into US equities without the friction of traditional cross-border brokerage.
Why it stands out: The round sits in the top 10% of all seed rounds raised by Nigerian startups on record, based on 762 comparable deals — a signal of investor conviction in a crowded market.
What could go wrong? Tokenised securities sit in an evolving regulatory space, and rules vary widely across African markets. Stablecoin-based trading also exposes users to volatility and compliance risk that regulators are still working to define.
The signal: Daya's launch reflects a broader push to use stablecoins as rails for financial access in Africa, extending them from payments into investing. If tokenised assets take hold, they could open US markets to retail investors long shut out by cost and infrastructure.
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