ME News reports that on August 5 (UTC+8), the Nigerian Securities and Exchange Commission approved the issuance of tokenized assets, with alternative investment platform NASD PLC planning to officially launch the service next month. Chinwendu Ekeh, Acting Managing Director of NASD, stated that the Nigerian SEC subsequently partnered with Canadian company Blockstation Inc. to provide a blockchain-based infrastructure for the exchange, enabling near real-time listing and trading of tokenized securities. Ekeh noted that NASD’s goal is to serve Nigerian SMEs that struggle to access bank credit and traditional capital market financing, with digital securities offering a “faster, lower-cost, and more reliable pathway” to meet their needs. (Source: ODAILY)
Nigeria Approves Tokenized Asset Issuance to Boost Capital Market Growth
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Summary
According to MetaEra, Nigeria’s SEC has approved the issuance of tokenized assets to drive ecosystem growth. NASD PLC plans to launch the service in September, utilizing infrastructure from Blockstation Inc. to enable real-time trading of digital securities. NASD aims to support SMEs with limited access to traditional financing. Digital asset news underscores the shift toward blockchain-based capital solutions.
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