Celo is an open-source blockchain platform focused on making decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone. Launched in 2020 by the Celo Foundation, its mission is to build a financial system that creates the conditions for prosperity for everyone. The platform is notable for its carbon-negative status, mobile-first design which maps phone numbers to wallet addresses, and its native stablecoins (like cUSD and cEUR). Initially a standalone Layer-1 blockchain, the Celo community has since transitioned the platform to become an Ethereum Layer-2 solution to further enhance its security and interoperability within the broader Ethereum ecosystem.

Founded in

United Kingdom