cNGN’s Milestone: Powered by Bantu Blockchain and Fueling a Wave of Silent Innovation
Nigeria’s first compliant stablecoin, cNGN, is more than a breakthrough in digital finance — it’s a testament to the power of regulatory diligence and technological excellence. At its core, cNGN is built on the native infrastructure of the Bantu Blockchain Foundation, the engine that not only powers this stablecoin but also supports a growing ecosystem of innovations across Nigeria and Africa.
A Triumph of Compliance and Innovation
The journey to launching cNGN has been long and deliberate. Born from the need to achieve full regulatory compliance, cNGN was developed by Wrapped CBDC Ltd in collaboration with strategic partners like Convexity. This meticulous approach ensured that every aspect of the stablecoin — from its 1:1 pegging with the Nigerian Naira to its transparent reserve audits — met the rigorous standards set forth by Nigeria’s Securities and Exchange Commission. The recent admission of Wrapped CBDC into the SEC’s incubation program — as detailed in the SEC Press Release — marks a significant milestone in this journey, reinforcing the confidence of both regulators and market participants in the potential of digital finance.
Bantu Blockchain: The Silent Powerhouse
Central to this achievement is the Bantu Blockchain Foundation. As the native blockchain that powers cNGN, Bantu is the silent engine driving innovation under the hood. Since our inception, we have been dedicated to building a scalable, secure, and inclusive blockchain infrastructure that enables everyone — from grassroots entrepreneurs to established financial institutions — to participate in the digital economy.
Multiple institutions in Nigeria and across Africa have already adopted private instances of Bantu Blockchain technology to address local challenges, streamline cross-border transactions, and foster financial inclusion for communities that have long been underserved by traditional banking systems.
BantuPay supports cNGN — here is how to add it to your wallet
As is to be expected, cNGN being a native Bantu Blockchain asset, is supported by BantuPay wallet. Adding it is as simple as a few taps or clicks — no need to copy contract addresses or any other complicated procedure.
- Simply open your BantuPay wallet and tap on the settings icon
- Tap on “curated assets”, and accept cNGN
- That’s all you need to do.
You will now be able to send and receive cNGN on BantuPay using usernames,or from 3rd party wallets using your wallet address (that looks like “GC*****7AC” ) available in your profile.
Wondering where to acquire some cNGN? As at the time of this writing, cNGN has been listed on Busha exchange — a participant in SEC’s accelerated regulatory incubation program (ARIP). Plans are also in motion to make it available soon on Quidax exchange — another participant in SEC’s ARIP.
Celebrating the Silent Builders
While cNGN’s public launch is a cause for celebration, it is only one chapter in a much larger story. Behind the scenes, countless developers, startups, and financial institutions are quietly building on the Bantu Blockchain. These silent innovators are crafting groundbreaking solutions — from decentralized finance (DeFi) applications to tokenized asset platforms — that will soon join cNGN in transforming the financial landscape.
At Bantu Blockchain, we’ve always believed that innovation happens best when it’s inclusive and built to scale. As we’ve shared in our own Medium posts, we are powering a new wave of financial tech that quietly builds the future, one solution at a time. This commitment to continuous improvement and silent innovation captures the very spirit of our ecosystem, where every builder contributes to the revolution in digital finance.
The Road Ahead
The successful rollout of cNGN marks an important milestone for Nigeria’s digital asset ecosystem. Yet, it also serves as a beacon for all those who have been building silently on the Bantu Blockchain. The same robust, regulatory-compliant infrastructure that enabled cNGN is paving the way for many more innovative solutions to emerge in due time.
As we celebrate today’s achievements, it’s important to acknowledge that this is just the beginning. With Bantu Blockchain powering these developments, the future of digital finance in Nigeria and across Africa looks increasingly bright. The silent builders, whose efforts may not always capture the spotlight, are the unsung heroes behind this revolution. Their innovations will soon stand shoulder-to-shoulder with cNGN, showcasing a vibrant ecosystem of digital transformation.
Stay tuned to our Medium, and other channels for more updates on how our technology is continuously powering innovative financial solutions and empowering the next generation of digital finance pioneers.
