Lagos, Nigeria – ProsperaVest ESG Ltd, a Nigerian fintech firm, has announced the launch of eNsc, a stablecoin pegged 1:1 to the Nigerian Naira.
The digital currency leverages the Lisk 2.0 blockchain to enable tokenized investments in real-world assets, such as Nigerian Treasury Bills.
By operating within Nigeria’s regulatory frameworks, it ensures transparency and compliance through standardized processes.
The introduction of eNsc aligns with the Securities and Exchange Commission (SEC) of Nigeria’s ongoing efforts to create a structured and regulated virtual asset market.
Raheem Anikulapo Ibrahim, CEO of ProsperaVest ESG Ltd, emphasizes that the company prioritizes creating a secure, compliant platform.
By focusing on transparency, it enables investors to confidently access diverse financial instruments.
Additionally, this approach ensures regulatory alignment while fostering trust and long-term growth opportunities.
“Our mission is to offer a compliant, transparent, and secure way for investors to access financial instruments,” Ibrahim stated.
“We are committed to navigating the evolving regulatory landscape for digital assets. Ultimately, our goal is to foster trust in this space.”
Regulatory Compliance and Transparency
ProsperaVest has emphasized that eNsc’s reserves are held in regulated financial institutions, ensuring the stability and security of the stablecoin.
The company actively incorporates robust compliance measures.
These measures include anti-money laundering (AML) protocols and transparent reserve audits, which help meet regulatory expectations.
“Every aspect of eNsc, from its reserve structure to transaction monitoring, has been designed to meet regulatory expectations,” Ibrahim added.
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Financial Inclusion Through Blockchain
Beyond compliance, ProsperaVest views eNsc as a tool for enhancing financial inclusion.
By leveraging blockchain technology, the company aims to bridge the gap between traditional finance and digital assets, granting more people access to stable, yield-generating investments without geographic or financial barriers.
“One of our primary goals is to bridge the gap between traditional finance and digital assets,” Ibrahim explained.
“By leveraging blockchain, we can offer more people access to stable, yield-generating investments without the typical geographic and financial barriers.”
Cross-Border Transactions and Broader Implications
eNsc not only invests effectively but also has strong potential for streamlining cross-border transactions and enhancing efficiency.
By leveraging blockchain technology, eNsc simplifies payment processes and settlement procedures for international investors, driving innovation forward.
Ibrahim noted, “We recognize the significant potential of using blockchain to simplify cross-border payments and investment settlements.”
Additionally, he emphasized, “We aim to ensure investors confidently engage in this ecosystem with complete transparency”.
ProsperaVest ESG Ltd recently launched the eNsc stablecoin on the Lisk 2.0 blockchain, achieving a major milestone in innovation.
As the regulatory environment evolves, the company anticipates further developments and approvals to enhance its digital asset offerings.
With its focus on compliance, transparency, and financial inclusion, eNsc represents a bold step forward in Nigeria’s digital asset landscape.
