Inside Roqqu’s plan to tokenise Nigeria’s stock market
Nigerian-founded Roqqu plans to tokenise local stocks, giving eligible investors abroad access to Nigerian equities through blockchain networks.
Via TechCabal
When Dangote Refinery began selling shares in September, Nigerians could subscribe through dozens of banks and digital investment apps for as little as ₦5,250 ($3.96) for ten units. Investors elsewhere in Africa had fewer options. The $1.6 billion offer was registered only in Nigeria, leaving interested buyers in markets such as Kenya and Botswana subject to local securities rules and with limited distribution.
The gap helps explain Roqqu’s next bet: the Nigerian-founded cryptocurrency exchange wants to put local equities on…
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