In a bold move that could redefine the global Web3 landscape, Lisk has announced the launch of the $15 million EMpower Fund. This strategic initiative aims to fuel the growth of Web3 startups across Africa, Latin America (LATAM), and Southeast Asia—regions often overlooked by venture capitalists despite their burgeoning tech scenes. As blockchain technology becomes a staple in these markets, Lisk’s investment could pave the way for a new generation of tech giants rising from these undercapitalized areas.
Targeting Frontier Markets
Lisk’s decision to focus on Africa, LATAM, and Southeast Asia is both strategic and timely. These regions have shown increasing blockchain adoption, with digital currencies and decentralized technologies becoming part of everyday life. For instance, countries like Nigeria and Kenya have embraced cryptocurrencies as alternatives to traditional banking systems, while LATAM nations such as Argentina are leveraging blockchain for financial inclusion amidst economic instability.
However, despite this enthusiastic adoption, venture capital remains scarce. Many promising startups struggle to secure the funding needed to scale their operations and innovate further. By injecting $15 million into these markets, Lisk is not just providing financial support; it’s sending a strong message about the potential these regions hold for the future of Web3.
The Power of Web3
Web3 represents the next evolution of the internet—one that is decentralized and empowers users by giving them control over their data and digital assets. While much of the Web3 development has been centered in the West, the potential for growth in emerging markets is immense. These regions are not merely passive participants in the digital revolution; they are active contributors with unique challenges and opportunities that can drive innovation.
For example, in Africa, stablecoins are being used to facilitate cross-border transactions and remittances, bypassing the often expensive and slow traditional banking systems. In Latin America, agritech solutions powered by blockchain are helping farmers improve supply chain transparency and efficiency. Meanwhile, in Southeast Asia, digital lending platforms are providing financial services to the unbanked population, using blockchain to ensure security and transparency.
Lisk’s Vision
Lisk is betting that the next wave of Web3 unicorns—startups valued at over $1 billion—will emerge from these vibrant ecosystems. The EMpower Fund is designed to help these startups overcome the funding gap and realize their potential. By focusing on sectors like stablecoins, agritech, and digital lending, Lisk is aligning its investment with areas that have already demonstrated promising traction in these markets.
“There’s a huge opportunity in these regions that has been largely untapped,” a spokesperson from Lisk commented. “By supporting local entrepreneurs, we’re not just betting on financial returns, but also on the transformative power of technology to drive social and economic change.”
Challenges and Opportunities
While the prospects are exciting, there are challenges to consider. Regulatory environments in these regions can be unpredictable, with governments often changing their stance on cryptocurrencies and blockchain technologies. Additionally, infrastructure limitations, such as inconsistent internet connectivity and digital literacy, can pose hurdles to widespread adoption.
Yet, these challenges also present opportunities for innovation. Startups that can navigate these complexities are likely to develop robust, scalable solutions that could serve as models for other markets. Moreover, as more success stories emerge, they can inspire further investment and interest in these regions, creating a virtuous cycle of growth and development.
A Global Perspective
Lisk’s initiative underscores a broader trend in the tech industry—looking beyond traditional hubs like Silicon Valley for the next big thing. With the world becoming increasingly interconnected, innovation is no longer confined to specific geographies. The digital age allows talent from anywhere to make a significant impact, provided they have the resources and support they need.
By fostering growth in Africa, LATAM, and Southeast Asia, Lisk is not just investing in individual startups but in the global Web3 ecosystem. As these regions continue to develop, they could offer new perspectives and solutions that enrich the broader digital landscape.
Conclusion
Lisk’s $15 million EMpower Fund is a bold step towards unlocking the potential of Web3 in undercapitalized markets. By supporting startups in Africa, LATAM, and Southeast Asia, Lisk is championing a more inclusive and diverse digital future. As these regions rise to prominence, they could very well lead the next wave of innovation in the Web3 space, challenging the status quo and reshaping the global tech industry.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
