Coy Gets SEC’s ARIP Recognition

Yellow Card Financial Nigeria Limited, a global stablecoin infrastructure provider, has been granted admission into Nigeria’s Securities and Exchange Commission’s (SEC) Accelerated Regulatory Incubation Programme (ARIP) on a conditional approval-in-principle basis. This marks a significant milestone in the company’s regulatory progress in one of its founding markets.

Lasbery Chioma Oludimu, Group VP of Operations and Managing Director of Yellow Card Financial Nigeria Limited, expressed their pleasure at receiving the SEC’s conditional approval for admission into the ARIP. She emphasized that Nigeria is not just one of their markets, but rather the most important one they operate in today.

Oludimu reiterated Yellow Card’s commitment to maintaining high standards of compliance and professionalism throughout the programme. She emphasized that customer protection and regulatory compliance remain central to their approach.

Chris Maurice, Co-founder and CEO of Yellow Card Financial, stated that the company’s mission is to build stablecoin infrastructure for the world, not just for one region. He emphasized that this means adhering to the highest compliance standards in every market rather than cutting corners anywhere. Maurice expressed that admission into ARIP is a crucial step in their engagement with Nigeria’s regulator and they look forward to continuing this work as they progress through the programme.