{
  "id": 14987839,
  "title": "Inside Roqqu’s plan to tokenise Nigeria’s stock market",
  "url": "https://urgent.news/2026/10/16/inside-roqqus-plan-to-tokenise-nigerias-stock-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T15:45:00.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/10/16/roqqus-plan-to-tokenise-nigerian-stocks/"
  },
  "original_language": "en",
  "account": "Nigeria's stock market is poised for a digital transformation as cryptocurrency exchange Roqqu plans to tokenize local equities for global investors. By partnering with authorized brokers and custodians, Roqqu aims to issue blockchain tokens representing shares traded on the Nigerian Exchange (NGX). This innovative approach seeks to make Nigerian stocks accessible to international investors while complying with regional securities regulations. Roqqu's head of trading and markets, Emmanuel Peter, views the company as a crucial distribution layer rather than a replacement for the NGX. Existing brokers would manage the buying and holding of shares, with Roqqu providing the blockchain infrastructure to generate corresponding tokens. The tokens would be backed by the actual shares held in custody, with regular checks to prevent over-issuance. Roqqu intends to offer dividends, execute stock splits, and provide other shareholder benefits. The company is actively engaging with regulators, brokers, custodians, and fund managers as it develops this groundbreaking product. While the exchange has not disclosed its institutional partners or the specific Nigerian stocks it intends to tokenize, it expects Nigerian tokenized securities to become available before 2027. However, the regulatory status and launch of the product remain uncertain. The process of turning a Nigerian share into a token would involve authorized brokers buying shares on the NGX, a regulated custodian holding them through the Central Securities Clearing System (CSCS), and then creating corresponding tokens. An international investor could purchase these tokens through an approved platform, subject to Kenyan stock sale regulations. However, Roqqu has not revealed the full arrangements for linking token holdings to enforceable interests in the underlying shares, ensuring shareholder benefits, or handling redemptions.",
  "summary": "Roqqu wants to make Nigerian stocks available to global investors through blockchain-based tokens. Its plan could expand foreign participation in Nigeria’s stock market, but questions around shareholder rights, regulation, custody, and liquidity remain.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}