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# Nigerian Stock Exchange to adopt Blockchain operation by 2023
- URL: https://www.techloy.com/nigerian-stock-exchange-to-adopt-blockchain-operation-by-2023/
- Published: 2022-06-10T17:05:00.000Z
- Updated: 2022-12-08T01:11:06.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Tech in Nigeria

[The Nigerian Stock Exchange Ltd.](https://ngxgroup.com/) has revealed its plans to become blockchain-enabled in operations by 2023, to attract young investors to the market. 

- The digital step-up is coming after the Nigerian Security and Exchange Commission introduced regulations to guide the digital trading of assets.
- The settlement of capital market transactions will be deployed on blockchain technology, claims the firm's chief executive, Temi Popoola.
- Crypto transaction, a necessity for blockchain activities is largely considered a threat to the financial system in the country, even as the Exchange prepares to scale digitally.