Yellow Card Financial Receives SEC Approval for ARIP

Yellow Card Financial Nigeria Limited, a global stablecoin infrastructure provider, has been granted conditional approval-in-principle by Nigeria’s Securities and Exchange Commission (SEC) to participate in the Accelerated Regulatory Incubation Programme (ARIP). This recognition is a significant milestone for the company as it continues its regulatory journey in Nigeria, one of its founding markets.

Lasbery Chioma Oludimu, Group VP of Operations and MD of Yellow Card Financial Nigeria Limited, expressed satisfaction with the SEC's approval, highlighting Nigeria's importance to the company's operations. She emphasized the company's commitment to high standards of compliance and customer protection.

Chris Maurice, Co-founder and CEO of Yellow Card, stated that the company aims to build stablecoin infrastructure globally while adhering to the highest compliance standards in every market. He regarded the admission into ARIP as a crucial step in engaging with Nigeria's regulatory framework and looks forward to progressing through the programme.