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SEC proposes N2bn capital requirement for digital asset providers

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SEC proposes N2bn capital requirement for digital asset providers

24 Aug, 2026

The Securities and Exchange Commission (SEC) has proposed a N30 million registration fee for digital asset providers operating in Nigeria. The fee was contained in SEC’s proposed rules on “Digital and virtual asset operations, custody and markets,” released on August 20.Under the framework, digital asset exchanges (DAXs), digital asset custodians (DACs), digital asset platform operators (DAPOs), digital asset offering platforms (DAOPs), and real-world asset tokenisation platforms (RATOPs) would each pay a N30 million registration fee. The commission also proposed higher capital requirements for operators..................….......READ MORE