FGNTBILLs Subscription Process

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Once onboarded and whitelisted, an investor can subscribe to FGN TBILLs tokens through the FGN TBILLS vault by depositing eNsc (Nigeria’s crypto-native stablecoin) via the vault’s app interface. The process is instant and governed by audited smart contracts:

1. Deposit eNsc: The investor transfers eNsc from their whitelisted wallet to the vault.

2. Mint Tokens: The vault automatically mints FGN TBILLs tokens (vault shares - proof of ownership) equivalent to the deposited ENSC value at the time of transaction, backed 1:1 by Nigerian Treasury Bills (T-Bills) and ENSC reserves.

3. Self-Custody: Vault shares are sent directly to the investor’s wallet, where they retain full ownership and control.