Quidax, an African-founded digital belongings trade and the primary to obtain a provisional licence from the Securities and Exchange Commission (SEC), is working to construct a digital asset framework that regulators, companies and clients can belief, in accordance to its co-Founder and Chief Executive Officer, Buchi Okoro.
According to Okoro, banks, asset managers, fintechs and companies in different sectors at the moment are contemplating how to supply stablecoins and digital belongings to their very own clients, and Quidax intends to be the accomplice that helps them make that transfer.
He spoke in Lagos throughout The Exchange discussion board on stablecoins and digital belongings hosted by Quidax in partnership with Tether, issuer of USDT.
“Over the following 5 years, our focus is on supporting the ecosystem round us. More and extra establishments such as banks, asset managers, fintechs and companies throughout each sector, are contemplating how to deliver stablecoins and digital belongings to their very own clients. We need to be the trusted accomplice that helps them on that journey: educating the market, holding ourselves to the very best skilled and compliance requirements, and constructing the infrastructure that lets them
serve their clients at the moment and effectively into the long run,” Okoro mentioned.
He added that Quidax remained proud to maintain a provisional licence from the SEC, which indicators its quest to construct a trusted digital asset framework for its stakeholders.
Head of the SEC’s Lagos Zonal Office, John Briggs, who represented the fee’s Director General, Dr. Emomotimi Agama, mentioned: “According to Chainalysis, sub-Saharan Africa acquired over $205 billion in on-chain worth between July 2024 and June 2025, up roughly 32 per cent year-on-year. Nigeria alone acquired over $92.1 billion in that interval, main the area by a large margin.
