#Nigeria

Company Seeks To Tokenize Transport Assets Under SEC Framework

The blockchain platform Audacity is launching in Nigeria to tokenize transport assets, including haulage trucks and logistics fleets, to address the sector's chronic under-financing. Founders Ayomitan Pamilerin and Kayode Oluwole Oladamola aim to bypass traditional lending rates, which currently reach 30 to 40 percent annually, by utilizing blockchain for capital aggregation. The platform connects global on-chain investors, such as DAOs and family offices, directly to productive transportation assets to improve capital efficiency. By removing intermediaries and shortening settlement cycles, Audacity seeks to provide more affordable financing options for local businesses. The company is actively working to secure necessary operating licenses and collaborate with regulated partners to ensure full compliance with the Securities and Exchange Commission. This initiative represents a significant effort to bring institutional-grade standards to the Nigerian logistics market through tokenization. Furthermore, the platform is developing secondary market infrastructure to enable peer-to-peer trading, aiming to transform traditionally illiquid transport assets into a more accessible asset class.

newtelegraphng.com·Jul 5