N-DSP Admission Process
Access new sources of capital and connect with investors through the NASD marketplace. Our markets provide flexible admission routes designed to support companies at different stages of growth.
About N-DSP (Digital Securities Platform)
N-DSP enables companies to issue and trade tokenized securities using blockchain technology. The platform provides a secure infrastructure for digital assets, modern capital raising, and frictionless investor access.
By bringing tokenization to a regulated venue, N-DSP combines the transparency of NASD with the efficiency and programmability of blockchain rails.
Best Suited for
- Tokenized securities issuance
- Digital asset financing
- Forward-driven companies
Requirements for Digital Assets Admission
Follow these simple steps to admit your company or security to the N-DSP platform, or join as a Market Participant.
- 1 Complete NDSP Form 1
- 2 Submit completed form and non-refundable fees payable in full at the time of application, accompanied by the listed supporting documents. Download the full admission document to see supporting documents and payable fees
N-DSP Requirements Document
Download the full admission document for detailed disclosure requirements and obligations.
Company Admission Process
Follow these steps to admit your company or security to the NASD Equities Market.
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Step 1Pre-Admission
Board appoints Issuing House, fills application, and returns with fee. Board submits signed undertaking to comply with NASD OTC Rules.
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Step 2Review
NASD reviews company structure and digital asset specifications. After due diligence, NASD will give approval in principle.
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Step 3Approval & Admission
Company opens a register with CSCS. 100% dematerialisation and tokenization of shares can commence.
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Step 4Announcement
Company announces admission to N-DSP. Trading on tokenized securities commences.
FAQs
Some of the commonly asked questions about N-DSP (Digital Securities Platform).
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What is NASD PLC?
NASD PLC is Nigeria's licensed Over-The-Counter Securities Exchange, regulated by SEC Nigeria. It provides a transparent venue for trading unlisted public securities. -
What services does NASD provide?
NASD operates a regulated OTC trading platform, provides market data and reporting, and supports companies seeking alternative routes to capital and shareholder liquidity. -
How is NASD different from other exchanges?
NASD focuses on unlisted public securities and offers a flexible listing pathway. Compared to a main-board listing, NASD typically has lower entry barriers while maintaining regulatory oversight. -
Who regulates the NASD OTC market?
The Securities and Exchange Commission (SEC) of Nigeria regulates NASD and the issuers admitted on its market. -
What securities can be traded on NASD?
Equities, bonds, commercial papers, and other admitted instruments. See the Admitted Companies page for the current list. -
How are security prices determined on NASD?
Prices are set by the matching of buy and sell orders submitted by licensed brokers, with NASD providing transparent price publication. -
What are the trading hours on the NASD OTC market?
See Hours & Holidays for the current schedule, including any market holidays. -
How are trades settled on NASD?
Trades settle through NASD's clearing arrangements with licensed market intermediaries. Your broker can confirm the timeline for your specific trade. -
Can NASD traded securities be used as collateral?
Subject to lender policy. Several admitted securities are accepted as collateral by Nigerian financial institutions.
Ready to Take the Next Step?
Speak with our team to explore the right market for your company.