Juicyway plans a tokenised exchange for African assets
Juicyway's CEO says the firm has approval in principle from Nigeria's SEC to build the 'People's Exchange', a tokenised market linking African assets to global investors.
The facts
- Juicyway CEO Ife Johnson said at Moonshot by TechCabal in Lagos that the firm plans the 'People's Exchange', which would use tokenisation to help businesses raise money across markets, according to TechCabal.
- Johnson said Juicyway has approval in principle from Nigeria's Securities and Exchange Commission to build the exchange. This is his claim as reported, and the source does not show a regulator statement.
- The first use would be financing the liquidity Juicyway needs for settlements, which Johnson said apply to roughly 95% of its transactions. Later uses could include mortgages, trade receivables, energy, commodities and stakes in private companies.
- The African Development Bank's 2025 trade finance report puts unmet trade finance demand at between $74 billion and $92 billion in 2024. The OECD says African companies raised about $220 billion in local equity between 2000 and 2024, about 1% of the global total.
Case notes · Danny's take
Why it matters
Sending money in seconds is easy. Having the right currency sitting in the right country is the hard part. That is the gap Juicyway says it hits every day, and it argues the same gap holds back mortgages, trade finance and company funding across the continent. The pitch is simple: one connected market instead of dozens of small ones. But a tokenised asset is only as good as what sits behind it. Investors still need to trust the ownership records and know how they get repaid or exit. Approval in principle is a first step, not a licence to trade.
For builders
Stablecoin settlement and tokenised receivables are the use cases Juicyway names, so watch for the actual product rules and for how Nigeria's SEC frames them. The hard problems are asset quality, ownership records and repayment, so there is room for tools that handle verification and investor protection.
Not financial advice. Do your own investigation.
This story was summarised with AI from TechCabal's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.