Nigerian startup Daya has launched tokenised US stocks for African investors to buy and sell digital versions of US stocks on the blockchain.
This move is part of a growing trend in Nigeria's crypto sector, where startups are racing to broaden the use of blockchain beyond digital currencies and into traditional finance.
Daya Stocks will offer over 400 US-listed stocks and exchange-traded funds (ETFs), including shares in Nvidia and Tesla, as well as the S&P 500 ETF, with a minimum investment of $1.
The startup said trading will be available around the clock and users will pay a 0.25% transaction fee.