Nigeria’s Securities and Exchange Commission has approved the listing and trading of blockchain-based tokenized traditional equity assets on the NASD OTC Securities Exchange, according to Bloomberg. NASD OTC plans to roll out the service in early September. The platform will allow companies to issue tokenized versions of traditional shares using blockchain technology. The move is aimed at supporting the development of Nigeria’s capital market, as the country opens the door to a regulated structure for tokenized stock products within its over-the-counter securities venue.
Nigeria’s Securities and Exchange Commission has approved the listing and trading of blockchain-based tokenized traditional stock assets on the NASD OTC Securities Exchange, according to Bloomberg.
NASD OTC Securities Exchange plans to formally launch the service in early September. It will allow companies to issue tokenized versions of traditional shares through blockchain technology, with the stated aim of promoting the development of Nigeria’s capital market.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
