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14 firms in SEC ARIP · list · not a licence

Nigeria · Crypto Firms in the SEC's Incubation Programmes

14 Crypto Firms Have Been Admitted by SEC Nigeria Into Its Accelerated Regulatory Incubation Programme (ARIP). An Approval-in-Principle Is Not a Final Licence: The SEC Says It Remains Conditional on Continued Compliance.

Every crypto firm in the SEC's ARIP and Regulatory Incubation lists and its 2026 admission circulars. Who is approved →

14

Crypto firms admitted into ARIP

Approval-in-Principle, not a final licence.

Full list, Busha, Quidax, Bitbarter, Blockvault, GetEquity, KoinKoin, Luno Nigeria, Trovotech, Wrapped CBDC (cNGN), GIGX, KuCoin Nigeria, BC Access (Nigeria), Pisi Payments, Yellow Card

2

Sandbox-only VASPs

DreamCity Capital, HXafrica

9

Global brands not in the SEC's lists by name

Binance, Bitget, Bybit, Coinbase, Crypto.com, Gate, Kraken, MEXC, OKX

14

crypto firms admitted into SEC Nigeria's ARIP

SEC

12

of them cleared in three 2026 circulars

SEC

2

named by the SEC as digital assets exchanges (Busha, Quidax)

SEC

Every Crypto Firm in the SEC's ARIP and Sandbox Lists

25 of 25 · CSV

EnforcementSources
BushaBusha Digital Limited Digital assets exchange (per SEC) ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
QuidaxQuidax Technologies Limited Digital assets exchange (per SEC) ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
BitbarterBitbarter Technologies Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
BlockvaultBlockvault Custodian Ltd Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
GetEquityGetEquity Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
KoinKoinKoinkoin Global Network Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
Luno NigeriaLuno Fintech Nigeria Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
TrovotechTrovotech Ltd Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
Wrapped CBDC (cNGN)Wrapped CBDC Ltd Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
GIGXGIGX Technologies Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
KuCoin NigeriaKuCoin Nigeria Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
BC Access (Nigeria)BC Access (Nigeria) Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
Pisi PaymentsPisi Payments Solution Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
Yellow CardYellow Card (YC) Financial Limited Function not stated by the SEC ARIP participant (SEC Approval-in-Principle)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
SEC circular official
DreamCity CapitalDreamCity Capital Ltd Function not stated by the SEC Regulatory Incubation VASP (SEC sandbox)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
HXafricaHousingExchange.NG Ltd Function not stated by the SEC Regulatory Incubation VASP (SEC sandbox)SEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Binancechecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Bitgetchecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Bybitchecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Coinbasechecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Crypto.comchecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Gatechecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
Krakenchecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
MEXCchecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official
OKXchecked 22 Oct 2026 Not applicable Not in the SEC's listsSEC lists read 22 Oct 2026 None tracked SEC FinPort operators official

Sources: SEC FinPort operators and SEC ARIP circulars (read 22 Oct 2026). Methodology.

Crypto firms in SEC Nigeria's programmesRead 22 Oct 2026. ARIP: listed in SEC table: 2; ARIP: cleared in 2026 circulars: 12; Sandbox (RI) VASPs only: 2Crypto firms in SEC Nigeria's programmesRead 22 Oct 2026ARIP: listed in SEC table2ARIP: cleared in 2026 circulars12Sandbox (RI) VASPs only2Source: SEC Nigeria. VASP Tracker
Sources: SEC FinPort, SEC, SEC, SEC.
Nigeria's SEC crypto onboarding: key dates2024-06-01 ARIP framework; 2024-08-29 Sandbox cohort 002/24 starts; 2025-08-28 Sandbox test period ends; 2026-07-02 7 firms cleared for ARIP; 2026-07-03 KuCoin Nigeria, GIGX; 2026-08-13 Yellow Card + 2Nigeria's SEC crypto onboarding: key datesARIP framework, sandbox and admissions1 Jun 2024ARIP framework29 Aug 2024Sandbox cohort 002/24 starts28 Aug 2025Sandbox test period ends2 Jul 20267 firms cleared for ARIP3 Jul 2026KuCoin Nigeria, GIGX13 Aug 2026Yellow Card + 2Source: SEC Nigeria. VASP Tracker
Sources: ARIP framework, SEC FinPort, SEC, SEC, SEC.

Analysis

Key Dates

  1. Deadline

    Sandbox Test Period Ends

    SEC FinPort

  2. ARIP admission

    Seven Firms Cleared for ARIP

    SEC circular

  3. ARIP admission

    Two More Firms Cleared

    SEC circular

  4. ARIP admission

    Three More Firms Cleared

    SEC press statement

Full timeline →

Cite This Page

VASP Tracker, “Nigeria Crypto Licence Tracker: SEC ARIP List”, https://vasptracker.com/en/ng/ (accessed 22 Oct 2026). CC BY 4.0.