By Sogeyinbo Abdulrahmon Olabanji (SIWES student, Gate Way ICT Polytechnic)
The Nigerian Securities and Exchange Commission (SEC) has granted NASD Plc approval to launch its Digital Securities Platform (N-DSP) in collaboration with Blockstation, as part of the Regulatory Incubation (RI) Programme.
NASD sees this milestone as a significant step towards fostering innovation, transparency, trust, and inclusion in Nigeria’s capital markets.
Under the leadership of Eguarekhide Longe, Managing Director of NASD Plc, the objective is to empower young investors by providing access to compliant and secure digital assets.
The initiative is set to impact traditional debt and equity markets, addressing challenges like the 28 million housing deficit through tokenized real estate and mortgage-backed securities.
The platform aims to attract diaspora investments and support industries like Nollywood by tokenizing entertainment assets.
Jai Waterman, CEO of Blockstation, believes that the integration of digital assets and traditional financial institutions marks a transformative era for Nigeria’s economic landscape, contributing to untapped markets and economic growth.
