With the high amount of people interacting with digital assets daily; either from investing in crypto or the Digitization of existing investment assets, the digital assets market is becoming integrated into the existing fabric of traditional financial markets.
Blockchain is said to have the ability to significantly change our current economy and society since it will serve as the foundation of the "Internet of Value" in the future.
A Securities Token Offering means any offering and sale of digital tokens that are considered securities. This should be differentiated from an Initial Coin Offering, which means a distributed ledger technology capital-raising, involving the issuance of tokens to the general public in return for cash, cryptocurrencies or other assets.
Nigeria recorded an impressive adoption of digital currency before the ban on banks and other financial institutions, due to the threat trading and the use of cryptocurrency posed at that time. This was based on the fact that it was an uncharted arena in Nigeria, with no regulation safeguarding the citizens and residents from the issues or challenges facing the adoption and use of digital assets/ currency.
