Nigeria approves the listing of tokenized assets to support the development of the capital market

According to Bloomberg, the Nigerian Securities and Exchange Commission (SEC) has approved the listing and trading of blockchain-based traditional stock tokenized assets on the NASD OTC Securities Exchange.

The NASD OTC Securities Exchange plans to officially launch this service in early September, allowing companies to issue tokenized versions of traditional stocks through blockchain technology, aimed at promoting the development of Nigeria's capital market.