The Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) to seven digital asset companies under its Accelerated Regulatory Incubation Programme (ARIP), expanding Nigeria’s regulatory sandbox for crypto and other digital investment service providers.
The newly admitted firms are Bitbarter Technologies Limited, Luno Fintech Nigeria Limited, GetEquity Limited, Koinkoin Global Network Limited, Wrapped CBDC Ltd, Trovotech Ltd, and Blockvault Custodian Ltd. The SEC said the approval allows the companies to operate within the defined scope of the programme while remaining subject to regulatory, operational, and supervisory conditions, stressing that the Approval-in-Principle is not a final operating licence.
According to the Commission, the initiative is designed to promote responsible innovation, strengthen investor protection, and support the growth of Nigeria’s digital asset ecosystem. The ARIP provides a controlled regulatory environment where emerging technologies and business models can be assessed before full operational licences are granted.
