Blockchain.com Gains Nigeria SEC Sandbox Approval for Crypto Services

"Nigeria is one of Africa's most important digital asset markets and participating in the SEC's ARIP is an important step forward in our long-term commitment to the country," Blockchain.com General Manager for Africa Owen Odia said.

Odia said the programme allows the company to work directly with the SEC in a controlled environment. Blockchain.com plans to use the regulatory pathway to expand its Nigerian operations while complying with the programme's requirements.

The Nigerian admission follows several regulatory approvals secured by Blockchain.com in other markets. The company has registered with the UK Financial Conduct Authority and received authorization under the European Union's Markets in Crypto-Assets framework.

Blockchain.com also secured a Virtual Asset Service Provider licence from the Cayman Islands Monetary Authority. The company has used these approvals as part of its strategy to operate under established rules across multiple jurisdictions.

Nigeria remains a priority market in Blockchain.com's broader African expansion. Digital assets have gained widespread use in the country for trading, payments and transferring value. Participation in ARIP gives Blockchain.com a regulated route to test and expand eligible services in Nigeria. The company will remain subject to SEC supervision and the programme's conditions throughout the process.