A Nigerian fintech firm, ProsperaVest ESG Ltd, has introduced eNsc, a stablecoin pegged 1:1 to the Nigerian Naira and built on the Lisk 2.0 blockchain. The digital asset is designed to enable tokenized investments in real-world assets, such as Nigerian Treasury Bills, while operating within regulatory guidelines.
According to the company, eNsc aligns with the Securities and Exchange Commission (SEC) of Nigeria’s efforts to create a transparent and structured framework for virtual assets. “Our mission is to offer a compliant, transparent, and secure way for investors to access financial instruments,” said Raheem Anikulapo Ibrahim, CEO of ProsperaVest ESG Ltd. “The regulatory landscape for digital assets is evolving, and we are committed to working within the established framework to foster trust in this space.”
The firm states that eNsc’s reserves are held in regulated financial institutions and that it incorporates compliance measures such as anti-money laundering (AML) protocols and transparent reserve audits. “Every aspect of eNsc, from its reserve structure to transaction monitoring, has been designed to meet regulatory expectations,” Ibrahim added.
Beyond compliance, Ibrahim emphasizes the broader vision of blockchain-powered financial inclusion. “One of our primary goals is to bridge the gap between traditional finance and digital assets,” he said. “By leveraging blockchain, we can offer more people access to stable, yield-generating investments without the typical geographic and financial barriers.”
The company highlights that eNsc also facilitates more efficient cross-border transactions. “We see significant potential in using blockchain to simplify cross-border payments and investment settlements,” Ibrahim said. “Our focus remains on ensuring that investors can confidently participate in this ecosystem with full transparency.”
The stablecoin is now live on the Lisk 2.0 blockchain, with further developments expected as regulatory approvals progress.
