Last week Bloomberg reported that the Nigerian Exchange (NGX) is planning to use blockchain for stock settlement.
The question is whether NGX purely plans to use blockchain in the backend for stock settlement or whether it’s looking to issue security tokens. We contacted NGX to seek clarification but didn’t receive a response in time for publication.
“For a lot of young and upcoming Nigerians, that is the kind of technology they adopt and we want to see how we can deploy it to grow our market,” Temi Popoola, NGX’s CEO, told Bloomberg.
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