cNGN
Since
2023
About
Empowering Nigeria's financial future with a stable digital currency for all transactions
Wrapped CBDC Ltd issues cNGN, a stablecoin backed by the Nigerian naira, through a consortium involving Commercial Banks, FinTech companies, and Value-Added Service Providers (VASPs). This collaborative venture aims to offer a reliable digital currency that merges traditional banking stability with the efficiency and accessibility of blockchain technology, driving financial innovation in Nigeria.
Use Cases
Cross-Border Remittances
Enable Nigerians abroad to send money home instantly and cheaply with cNGNstablecoin, avoiding traditional banking delays and fees.
Digital Payments for Businesses
Allow businesses to accept cNGN stablecoin payments, reducing transaction costsand enabling 24/7 near-instant settlements.
Capital Market Transactions
Use cNGN for transparent, blockchain-backed securities trading and settlement within Nigeria's capital markets.
DeFi and Web3 Integration
Bridge traditional finance and decentralized finance by using cNGN to facilitatesecure, compliant transactions across blockchains.
Key Features
Overview of cNGN
- cNGN is Nigeria's first regulated stablecoin.
- It is designed to improve capital market and financial operations in thedigital age.
- cNGN is fully compliant under Nigeria's Securities and Exchange Commission(SEC).
- It ensures security for users, institutions, and businesses.
- cNGN bridges traditional finance and the digital future with ease andsecurity.
Key Features of cNGN
- Offers real-time transaction tracking and auditable reserves via blockchaintechnology.
- Provides 24/7 near-instant settlement for efficient and rapid processing.
- Ensures transparency and auditability of every transaction.
- Minimizes transaction costs for local payments and international transfers.
- Offers universal connectivity and flexibility across multiple blockchains andfinancial networks.
(Founder of Convexity & Director at cNGN)
Adedeji Owonibi
(Founding Member)
Seun Dania
Headquarters
🇺🇸 Remote First
Website
cngn.co
0
cNGN tokens in circulation
0
24-hour trading volume as of Aug 25, 2025
