Blockops Network Raises $250,000 for Blockchain Infrastructure

Nigerian blockchain infrastructure startup Blockops Network has raised US$250,000 in pre-seed funding from Antler VC as it expands its technology for financial institutions and businesses using blockchain-based services. The company provides infrastructure that allows banks, payment companies, asset managers and other institutions to deploy blockchain applications without developing the underlying systems themselves. Its offering covers blockchain APIs, wallets, treasury management, node operations, staking and validator services.

Blockops Expands Stablecoin Payment Infrastructure

Blockops has also launched Onchain Stacks, a platform designed to help businesses manage stablecoin payments through a single integration. The platform targets several financial use cases, including cross-border settlements, remittances, B2B payments and treasury management. Its routing infrastructure connects businesses with banking and mobile money partners across different payment corridors. Blockops says its infrastructure currently supports more than 20 blockchain networks, with over 100 nodes in production and more than 10 institutional customers. Its customers include banks, funds and blockchain protocols.

Startup Focuses on African Payment Corridors

The company is initially focusing on African payment corridors, with particular attention to markets in East and Francophone Africa. Blockops says businesses operating across these corridors can face fragmented banking infrastructure, limited options for converting between traditional and digital currencies, and higher costs when moving money across borders.