FGN TBILLS Tokenization

INTRODUCTION: Bringing FGN TBILLS on chain

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Last updated 19 days ago

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FGN TBILLS Tokenization

INTRODUCTION: Bringing FGN TBILLS on chain

ProsperaVest’s “FGNTBILLs vault” is an on-chain smart contract vault that provides investors with direct exposure to a diversified pool of short-dated (30-365days) Nigerian Treasury Bills (T-Bills) through the minting of the “FGNTBILLs token”. Each “FGNTBILLs token” is backed 1:1 by the “” a Naira crypto-native currency, ensuring stability, liquidity, and seamless on-chain redemptions.

Stakeholders

Investors: The Investor subscribes for “FGNTBILLs token” by depositing into the“FGNTBILLs vault”. In exchange, the Investor receives “FGNTBILLs token”, which they self-custody in their private, non-custodial wallets, maintaining full control and ownership of their assets. The Investor can redeem their “FGNTBILLs token” for eNsc stablecoin directly from the “FGNTBILLs vault”, ensuring frictionless access to liquidity backed by short-dated Nigerian Treasury Bills and reserves.
Token Issuer: ProsperaVest ESG Ltd (the Issuer) is a registered entity under the Corporate Affairs Commission (CAC) and is undergoing registration for Nigeria’s Accelerated Regulatory Incubation Program as a Digital Asset Operating Platform (DAOP) under the oversight of Nigeria’s Securities and Exchange Commission (SEC). The Issuer facilitates the tokenization of Nigerian Treasury Bills and manages the “FGNTBILLs vault”, ensuring compliance with local securities regulations while enabling on-chain minting and redemption of “FGNTBILLs token” backed by real-world assets and the .
Investment Manager: A licensed third-party fund management company, authorized and regulated under Nigeria’s Securities and Exchange Commission (SEC), oversees the investment mandate for short-dated Nigerian Treasury Bills (T-Bills) on behalf of ProsperaVest ESG Ltd. This Investment Manager’s sole responsibility is to allocate and manage the “FGNTBILLs vault” assets in segregated bank accounts held with regulated, tier-one custodians in Nigeria, ensuring compliance with local securities laws and alignment with ProsperaVest’s role as a Digital Asset Operating Platform (DAOP) under Nigeria’s Accelerated Regulatory Incubation Program.

PreviousImplementation Risk: Trust Dependency NextWhy bring the Nigerian TBills on chain

Last updated 19 days ago

Was this helpful?

Stakeholders

Investors: The Investor subscribes for “FGNTBILLs token” by depositing into the“FGNTBILLs vault”. In exchange, the Investor receives “FGNTBILLs token”, which they self-custody in their private, non-custodial wallets, maintaining full control and ownership of their assets. The Investor can redeem their “FGNTBILLs token” for eNsc stablecoin directly from the “FGNTBILLs vault”, ensuring frictionless access to liquidity backed by short-dated Nigerian Treasury Bills and reserves.
Token Issuer: ProsperaVest ESG Ltd (the Issuer) is a registered entity under the Corporate Affairs Commission (CAC) and is undergoing registration for Nigeria’s Accelerated Regulatory Incubation Program as a Digital Asset Operating Platform (DAOP) under the oversight of Nigeria’s Securities and Exchange Commission (SEC). The Issuer facilitates the tokenization of Nigerian Treasury Bills and manages the “FGNTBILLs vault”, ensuring compliance with local securities regulations while enabling on-chain minting and redemption of “FGNTBILLs token” backed by real-world assets and the .
Investment Manager: A licensed third-party fund management company, authorized and regulated under Nigeria’s Securities and Exchange Commission (SEC), oversees the investment mandate for short-dated Nigerian Treasury Bills (T-Bills) on behalf of ProsperaVest ESG Ltd. This Investment Manager’s sole responsibility is to allocate and manage the “FGNTBILLs vault” assets in segregated bank accounts held with regulated, tier-one custodians in Nigeria, ensuring compliance with local securities laws and alignment with ProsperaVest’s role as a Digital Asset Operating Platform (DAOP) under Nigeria’s Accelerated Regulatory Incubation Program.