Nigeria's NASD unveils a regulated digital securities platform
The OTC exchange's NDSP, built on Blockstation rails, is to issue, trade, clear and settle tokenized securities, with a first public offering slated for early September.
Exchange
NASD OTC Securities Exchange
NASD OTC Securities Exchange is Nigeria's over-the-counter securities market, a self-regulatory organisation registered with and regulated by the Securities and Exchange Commission, Nigeria, trading shares in unlisted public companies and commercial paper.
The profile
NASD runs the market for securities of Nigerian public companies that are not listed on an exchange, a segment that in most markets trades bilaterally and without published prices. It is a self-regulatory organisation in its own right, registered with and regulated by the Securities and Exchange Commission, Nigeria, and it belongs to the Association of Securities Exchanges of Africa, the Association of Securities Exchanges of Nigeria and the Lagos Chamber of Commerce. Admitted securities trade through licensed participating institutions, and the exchange also quotes commercial paper. In late July 2026 it introduced the NASD Digital Securities Platform, built on infrastructure from Blockstation Inc with TK Tech Africa, intended to carry tokenized securities from issuance through trading, clearing and settlement, with a first public offering slated for early September. Its own page for the platform still describes it as coming soon. An OTC market is where a frontier exchange can try something without touching the main board, which is part of why the tokenization step arrived here rather than at the Nigerian Exchange.
Products and services
- NASD Digital Securities Platform
- Announced in late July 2026 on Blockstation infrastructure, intended to cover issuance, trading, clearing and settlement of tokenized securities. Press coverage reports it live; the exchange's own page marks it coming soon.
- Admitted securities
- Shares in Nigerian public companies that are not listed on an exchange, traded through licensed participating institutions on a market with published quotations, which is what NASD exists to provide.
Coverage
Developments in which NASD OTC Securities Exchange is a named party, newest first.
On the record
Nigeria's NASD introduces a digital securities platform
NASD OTC Securities Exchange introduced the NASD Digital Securities Platform, built on Blockstation infrastructure with TK Tech Africa to carry tokenized securities from issuance through trading, clearing and settlement, with a first public offering slated for early September 2026. Punch and Vanguard reported it live on 29 and 30 July; the exchange's own page for it says coming soon.