Nigeria’s digital asset landscape is evolving, and at the forefront of this transformation is cNGN — a pioneering digital asset developed by Wrapped CBDC Ltd under the Securities and Exchange Commission’s (SEC) Regulatory Incubation Program. With a commitment to compliance, transparency, and innovation, cNGN is set to introduce new possibilities in Nigeria’s digital economy.
A New Chapter in Digital Innovation
Five months ago, Wrapped CBDC Ltd was officially admitted into the SEC’s Regulatory Incubation Program — a significant milestone that validated its approach to compliance and responsible innovation. This achievement has paved the way for the pilot launch of cNGN, where select partners will have the opportunity to explore and refine its applications in real-world scenarios. This phase ensures that when cNGN is fully launched, it will deliver a seamless, secure, and efficient experience for all users.
What is cNGN?
cNGN is a stable digital asset engineered to maintain a 1:1 peg with the Nigerian Naira, offering a foundation of trust and reliability.
Key Features
- Stability and Trust
With a strict 1:1 peg to the Naira, cNGN provides a dependable digital alternative. Its design ensures predictability, making it a reliable tool for everyday use. - Compliance and Transparency
cNGN operates under the SEC’s Regulatory Incubation Program, adhering to rigorous compliance standards. This oversight reinforces its credibility and ensures it meets regulatory requirements. - Interoperability Across Multiple Blockchains
Built to integrate with multiple blockchain networks — including AssetChain, Bantu, Base, Ethereum, Binance Smart Chain, and Polygon — cNGN is designed to function seamlessly across various platforms, enhancing accessibility and connectivity.
What cNGN is Not
To ensure clarity regarding its purpose and scope, here’s what cNGN does not represent:
- Not a Replacement for eNaira
While eNaira serves specific policy-driven use cases, cNGN is a privately developed, compliant digital asset that complements existing financial infrastructure. - Not a Volatile Cryptocurrency
Unlike digital assets known for price fluctuations, cNGN maintains a stable value in correlation to the Naira, ensuring a consistent experience for users. - Not an Unregulated Instrument
Security and compliance are core principles of cNGN. It operates under the SEC’s Incubation Program, meeting the highest regulatory standards to ensure user protection.
Unique Value Proposition & Future Vision
cNGN is more than just a digital asset — it is a technological foundation for new possibilities.
- Effortless Integration
cNGN is designed to operate seamlessly in the background, making digital interactions more efficient without requiring users to navigate complex technical details. See documentation - Versatile Applications
The pilot phase of cNGN will explore a range of applications, demonstrating how it can enhance digital experiences, innovation, and connectivity. This adaptability also creates opportunities for the development of new products and services tailored to various user needs.
Looking ahead, cNGN is poised to reshape Nigeria’s digital economy and capital markets, bringing the spirit of innovation into the modern era. From bustling markets to digital communities, cNGN aligns with the dynamic energy of Nigeria’s ecosystem, offering a smarter, faster, and more secure approach to digital interactions.
Stay Connected
As cNGN continues to evolve, we invite you to stay informed and engaged. Follow us on our social media platforms for the latest updates, insights, and exclusive content:
- LinkedIn: cNGN on LinkedIn
- X (Twitter): @cNGN_co
- Instagram: cNGN on Instagram
- Facebook: cNGN on Facebook
- YouTube: cNGN on YouTube
Join our community and be part of Nigeria’s digital innovation revolution.
If you would like to participate in the cNGN ecosystem, please reach out to us at contact@cngn.co.
Embrace the future with cNGN — where tradition meets innovation in perfect harmony.
