NIGERIA Law and Practice Contributed by: Omoruyi Edoigiawerie, Adebomi Adekeye and Habeeb Eyinade, EandC Legal
While traditional asset managers use standard licenc- es, RWA platforms must register as a real-world assets tokenisation and offering platform (RATOP). As of January 2026, RATOPs face a revised minimum capital requirement of NGN1 billion. Key Regulatory Divergences Non-blockchain assets rely on physical registries. Conversely, RWA crypto requires independent asset verification and an SEC-registered digital asset custo- dian to ensure that the on-chain tokens are 1:1 backed by the off-chain asset. RWAs are subject to smart contract audits and man- datory White Paper disclosures, ensuring digital trans- parency that exceeds the documentation standards of traditional private placements. The 2026 framework eliminates the regulatory vacu- um for RWAs. By treating them as securities, Nige- ria allows institutional investors to access fractional assets with the same legal protections as traditional stocks, provided they use SEC-registered infrastruc- ture.
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