Nigeria's SEC new regulations raise the capital threshold for digital asset platforms to 2 billion naira

According to market news, the Nigerian Securities and Exchange Commission (SEC) has issued new regulations. Under the new framework, digital asset exchanges and digital asset custodians that operate trading venues and safeguard users' digital assets must maintain a minimum capital requirement of 200 million Naira (approximately 1.4 million USD), up from the previous 500 million Naira.

In other categories, the minimum capital requirement for Digital Asset Offering Platforms (DAOP) and RWA tokenization platforms is set at 1 billion Naira, while digital asset intermediaries and related service providers are required to have between 300 million to 500 million Naira. The new regulations require relevant institutions to meet these standards by June 30, 2027, or they may face suspension or revocation of their licenses.