The ongoing discourse around digital assets and their transformative potential continues to be a front-burner issue for organisations worldwide, including key players in Nigeria’s capital market.
Stakeholders in Nigeria’s financial and investment landscape are increasingly embracing innovative solutions that not only create more opportunities and foster inclusion but also contribute immensely to the nation’s economic future.
One such solution gaining traction is ‘tokenisation,’ which the Ministry of Finance Incorporated (MOFI) has been at the forefront, advocating for its potential to revolutionise asset management and funding mechanisms through Nigeria’s capital market.
Tokenisation refers to the conversion of physical or financial assets into digital tokens, which can then be traded securely using blockchain technology. From high-value assets like real estate to securities and public enterprises, tokenisation allows investors to purchase fractional shares, breaking down traditional barriers to investment.
By expanding ownership and access to such assets, MOFI believes Nigeria can tap into untapped resources and bolster the nation’s economic growth.
During the recently concluded World Investor Week 2024, MOFI’s leadership emphasised the strategic importance of tokenising assets to unlock liquidity, transparency, and accessibility; key factors that could reshape investment opportunities in the country.
