Last week, Ledig, a fintech infrastructure company, celebrated its 1-year anniversary. The company began with a narrow but ambitious focus: to solve the structural problems that prevent businesses in emerging markets from managing currency risk and moving capital efficiently. What started as a small, internally driven effort quickly evolved into a dedicated fintech infrastructure company.
Within twelve months, that effort translated into multiple live products, active operations across more than 17 markets, and the development of an on-chain derivatives protocol designed to modernise institutional FX hedging.
Currency volatility and trapped treasury remain some of the most persistent challenges across emerging markets. While opportunity continues to attract local and international businesses, unstable exchange rates and inefficient capital movement often make long-term operations unpredictable.
In several markets, these issues have contributed to firms scaling back or exiting entirely.
Ledig was formed in response to these realities, with a clear objective of helping businesses reduce exposure to volatility while improving their ability to move funds across borders at scale.
The company’s earliest solution focused on hedging. Ledig launched with a dynamic rates hedging product that allowed businesses to manage local currency exposure more effectively.
Within its first year, the platform facilitated over $55 million in transactions. As adoption grew, demand from corporate treasuries and market makers revealed the limitations of traditional OTC hedging workflows, prompting a broader rethink of how hedging infrastructure could be delivered.
This shift led to the development of Ledig’s on-chain derivatives protocol, which is currently being built using American-style options.
The protocol is designed to offer institutions a transparent, auditable, and enforceable hedging structure that clears faster and operates entirely on-chain, addressing both trust and efficiency gaps present in existing models.
Alongside hedging, Ledig also tackled the challenge of treasury mobility. Moving large volumes of capital between emerging markets and global corridors has historically involved high costs and slow settlement cycles.
The company’s on-demand liquidity engine was built to remove these frictions, enabling instant execution of high-volume conversions without extended quote cycles or operational delays.
Over the past year, this infrastructure has processed millions of dollars in stablecoin-to-fiat and fiat-to-stablecoin transactions, demonstrating that treasury flows at scale can move quickly when systems are purpose-built for volume and reliability.
By mid-2025, these efforts translated into a major validation milestone.
In June, Ledig crossed $100 million in processed transactions within six months across emerging markets. For a young fintech infrastructure company, this milestone demonstrated clear product-market fit.
Two months later, the launch of Ledig version 2.0 further improved accessibility by introducing a more intuitive interface and streamlined user experience.
Beyond its core hedging and liquidity products, Ledig has continued to expand its infrastructure stack.
The company now offers cross-border virtual accounts that allow businesses to receive and route local currencies through named accounts without establishing local banking relationships.
Its borderless business payments service enables pricing and settlement in stablecoins such as USDC or USDT while delivering local-currency payouts, reducing exposure to volatility and simplifying accounting across markets.
Ledig has also developed embedded and white-label infrastructure that allows partners to launch digital-asset products using modular APIs rather than building core systems from scratch.
This includes an integrated on-platform wallet for receiving, holding, and disbursing stablecoins, as well as payment links that allow businesses to collect stablecoin payments easily from customers and partners.
An institutional OTC liquidity desk continues to operate as a transitional solution for clients still reliant on manual workflows, with plans to phase it out as the derivatives protocol matures.
In October, the company was selected to participate in the inaugural West African-based Founders Fellowship, hosted by Coinbase to support high-impact teams building on the Base ecosystem.
The program offered additional validation of Ledig’s direction within the broader blockchain infrastructure landscape.
Regulatory engagement has also remained a priority.
Over the past year, regulatory clarity around blockchain and stablecoins in Nigeria has improved. Ledig has registered under Nigeria’s Accelerated Regulatory Incubation Program framework and is awaiting acceptance. The company is pursuing a VASP license with the Nigerian SEC and has applied for US MSB authorisation as part of its plan to operate as a fully regulated fintech infrastructure provider.
As Ledig enters its second year, its focus has shifted to the on-chain derivatives hedging product currently in development. According to the company, the team plans to launch its on-chain derivatives protocol, expand partnerships, and continue scaling its infrastructure across new corridors. While still operating as a lean team, the company’s trajectory over its first year reflects a clear commitment to building durable financial infrastructure for emerging markets, one product and one corridor at a time.
