NASD Gets SEC Approval to Launch Digital Securities Platform

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

This milestone, which follows the lift of ban on trading on digital assets by the Central Bank of Nigeria (CBN), signifies a major stride towards  fostering a new age of innovation that enhances transparency and deepens trust and inclusion in the Nigerian capital markets.

NASD in collaboration with Blockstation Incorporation, had engaged with SEC to shape a regulatory framework for crypto and digital assets. The development of regulations and the subsequent approval for the launch of the NASD Digital Securities Platform (N-DSP) mark a significant outcome of this collaborative initiative.

“Our objective is to empower millions of young investors with access to promising digital assets, ensuring they can make purchases with confidence in a completely compliant and secure investment environment. Nigeria currently ranks second globally,  for blockchain wallets, and our Exchange is poised to supporting  high-quality assets, thriving on the blockchain.” explained Eguarekhide Longe, Managing Director,NASD Plc.

“In a nation marked by dynamic economic forces, the confluence of digital assets and traditional financial institutions signals a transformative era for Nigeria’s economic landscape.