Morocco's Al Mada Ventures leads $8 million Checker round to scale stablecoin infrastructure across Africa
Billionaires Africa | 20.05.2026 16:43
Morocco's Al Mada Ventures is putting institutional weight behind stablecoin rails for African finance. The sovereign wealth-backed fund, parent of Attijariwafa Bank, has led an $8 million round in Checker, the global digital-asset network building infrastructure for emerging-market financial institutions, alongside Galaxy Ventures and Framework Ventures. Strategic backing came from DFS Lab in Africa, Bitso and Airtm in Latin America, and Onigiri Capital, SNZ Capital and Velocity in Asia.
