SEC Approves NASD’s Digital Securities Platform

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The Securities and Exchange Commission (SEC) has granted approval for NASD Plc to launch its Digital Securities Platform (N-DSP), powered by Blockstation, under the Regulatory Incubation (RI) Programme.

This development, following the Central Bank of Nigeria’s lift on the ban on trading digital assets, marks a crucial step towards fostering innovation in the Nigerian capital markets.

Eguarekhide Longe, Managing Director of NASD Plc, emphasized the platform’s goal to empower millions of young investors with access to secure and compliant digital assets. With Nigeria ranking second globally for blockchain wallets, the NASD Exchange aims to support high-quality assets thriving on the blockchain and contribute to thr transparency, trust, and inclusion in the country’s financial landscape.

Source: This Day

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