Nathaniel Luz, President of the Africa Stablecoin Network and a long-standing figure in the continent’s digital asset industry, has announced his appointment as Chief Operations Officer at YDPAY Africa. His announcement comes as the company strengthens its regulatory footing and expands its operational framework across African markets.
Luz stated that he has spent recent months working closely with the YDPAY Africa team to streamline strategy, align operations and prepare the groundwork for what he described as a key digital asset infrastructure provider for the region. He noted that the company has secured a Canadian Money Services Business (MSB) licence and is progressing toward a Securities and Exchange Commission (SEC) licence in Nigeria, two regulatory steps that significantly shape the firm’s ability to operate at scale.
YDPAY Africa’s mission is to build a comprehensive platform for stablecoin and digital asset services in Africa ,covering trading, payments, liquidity infrastructure and enterprise-grade compliance. The company’s focus on transparent and regulated operations reflects the increasing pressure on African fintech firms to align with both domestic and international compliance standards.
Luz brings extensive experience from roles at Nepsium, Flincap and Paxful, where he has contributed to product development, operational design and market execution. He described his new role as an opportunity to consolidate his experience into a mandate focused on building a robust and pan-African digital asset platform.
The company’s Canadian MSB licence allows it to offer regulated money services under the FINTRAC framework, while the Nigerian SEC licensing process indicates its intention to operate fully within local digital asset regulations. These efforts set YDPAY Africa apart in a sector where many operators still function without complete regulatory clearance.
Luz also referenced the company’s participation in industry events such as the Nigeria Stablecoin Summit, underscoring its engagement in broader discussions around stablecoin adoption and cross-border digital payment frameworks.
He concluded by reaffirming YDPAY Africa’s commitment to stability, scalability and long-term relevance as the company prepares for the next phase of its expansion across Africa.
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