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

The milestone, according to NASD, signifies a noteworthy stride toward fostering new age innovation, enhanced transparency and deepens trust and inclusion in Nigerian capital markets. Recall that the NASD Plc in collaboration with Blockstation Inc., engaged with the SEC to shape a regulatory framework for crypto/digital assets. Subsequently, Central Bank of Nigeria, CBN lifted the ban on digital asset trading. Commenting, Eguarekhide Longe, Managing Director, NASD Plc, said: “Our objective is to empower millions of young investors with access to promising digital assets, ensuring they can make purchases with confidence in a compliant and secure investment environment. Nigeria currently ranks second globally for blockchain wallets, and our Exchange is poised to support high-quality assets thriving on the blockchain.”