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Nigeria OKs Blockchain-Based Shares for Capital-Market Growth

Guavy AI Editorial Team
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Nigeria has taken a significant step towards boosting its capital-market growth by approving the use of blockchain-based versions of traditional shares.

The Securities and Exchange Commission gave its approval for the rollout, allowing firms to offer so-called tokenized assets through NASD OTC Securities Exchange, the nation's over-the-counter bourse.

NASD plans to offer this option early next month after receiving the green light from the commission. The company is a venue for alternative investments.

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