Nigeria Approves Listing of Tokenized Assets, Boosting Capital Market Development

According to Bloomberg, the Nigeria Securities and Exchange Commission (SEC) has approved blockchain-based tokenized assets of traditional stocks for listing and trading on the NASD OTC Securities Exchange. The NASD OTC Securities Exchange plans to officially launch the service in early September, allowing companies to issue tokenized versions of traditional stocks through blockchain technology, aiming to promote the development of Nigeria's capital market.