BlockCoop SACCO launches Kenya's first blockchain-based cooperative financial platform, utilizing BLOCKS tokens

Gate News reports, April 28 — BlockCoop SACCO has launched Kenya's first blockchain-based SACCO ( savings and credit cooperative ), introducing a technology-driven model aimed at modernizing traditional cooperative finance.
The initiative leverages blockchain infrastructure to improve liquidity, enhance transparency, expand member participation, and simplify access to credit.
A key innovation is BLOCKS, a digital share token that converts traditional SACCO shares into tradable digital assets.
This enables members to buy, sell, and transfer their holdings more efficiently, addressing long-standing liquidity challenges within cooperative structures.
Since the share trading platform launched on October 1, 2025, the SACCO has reported rapid expansion, with an estimated market value of approximately KES 1.3 billion, and the number of members and investor participation continues to grow.
BlockCoop SACCO has also introduced an alternative credit assessment mechanism to replace traditional guarantor requirements, utilizing a guarantor fund pool and a trust-based scoring system to create a more inclusive lending framework.
Additionally, the organization has launched Lipa na BLOCKS, a loyalty program linking daily spending with blockchain-based savings and investment opportunities.
Participants can earn BLOCKS tokens and receive discounts on Till numbers, Paybill services, and mobile payment transactions.
The platform announced strategic partnerships with Nomachain and HF to accelerate the digitization of SACCOs across the region.
HF will provide compliant infrastructure to ensure regulatory consistency; Nomachain will support the tokenization of SACCO assets and shares, unlocking the value of traditionally illiquid assets such as land and buildings.