Nigerian SEC raises minimum capital requirements for digital asset platforms

The Nigerian Securities and Exchange Commission (SEC) has issued new regulations requiring digital asset exchanges and custodians to maintain a minimum capital threshold of at least 2 billion naira (approximately $1.4 million), higher than the previous 500 million naira. The minimum capital requirement for digital asset issuance platforms (DAOP) and RWA tokenization platforms is 1 billion naira, while the requirement for digital asset intermediaries and related service agencies is between 300 million and 500 million naira. Relevant institutions must meet the new standards by June 30, 2027, otherwise there may be a risk of suspension or revocation of licenses.