According to a recent LinkedIn post from Shiga Digital Holdings Limited, the company is positioning its platform as an alternative treasury and cross-border payments infrastructure for businesses in West Africa and the broader EMEA region. The post describes pain points with traditional correspondent banking, including multi-day transfer delays, wide FX spreads, unexpected account restrictions, and newly tightened compliance requirements in key African markets.
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The company’s LinkedIn post highlights a stablecoin-based solution that moves corporate treasury operations onto blockchain rails, aiming to bypass conventional correspondent banks. The post indicates that users receive a self-custodial wallet with no subscription or maintenance fees, potential yield on idle balances, and the ability to convert funds into EUR, GBP, or NGN as needed.
The post also notes that Shiga holds an EU VASP licence, operates under the DIFC regulatory framework, and is backed by Tether, suggesting an emphasis on regulatory alignment and institutional backing. For investors, this regulatory positioning and infrastructure focus could be relevant to assessing Shiga’s ability to attract businesses seeking faster, lower-cost, and potentially less censorable cross-border payment channels.
If Shiga’s model gains traction, it may benefit from growing demand among African and EMEA corporates looking to hedge against currency volatility and operational friction in traditional banking. However, reliance on stablecoins and evolving compliance regimes also implies exposure to shifts in global crypto regulation and counterparty risks associated with stablecoin providers, factors that investors may need to monitor closely.