Economic and Financial Review


Central Bank of Nigeria


Tokenisation, Assets, Financial system


The tokenisation of assets is not the future - it is the present. It is deeply transformative and is offering exciting possibilities for, in particular, financial markets. The tokenisation of assets offers promising possibilities for how capital is raised. Novel fundraising vehicles, such as Security Token Offerings (STOs), provide a higher degree of regulation and transparency for investors. Further, STOs are an efficient method to raise capital from a broader investment pool than it has been possible with traditional fundraising methods. It is, however, still in infancy stage and market adoption will still need time. Despite an exponentially increasing interest in tokenised assets, “traditional” financial institutions and national authorities still approach asset tokenisation with caution. However, countries like Switzerland, well-known for its innovation friendly stance, will help to drive and foster the remarkable potential of tokenised assets.

Author Bio

Peter N. Okafor is the MD/CEO Pino-Rising Consult, Abuja, Nigeria.

Publication Title

CBN Economic and Financial Review





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Recommended Citation

Okafor, Peter N. (2022). The Tokenisation of Assets: jurisdictional experiences and the lessons for Nigeria’s financial system. CBN Economic and Financial Review, 60(4). 181 - 193.



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