the Nigerian Securities and Exchange Commission (SEC) has issued new regulations. According to 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), higher than the previous 500 million Naira.

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