Naira is onchain.

NGNb is the naira settlement asset for tokenised markets. One NGNb is one naira, fully reserved and redeemable at par, built to settle where assets trade.

1 in. 1 NGNb out.Always level.

NGNb is a token that represents one Nigerian naira. Each NGNb in circulation is backed by naira-denominated reserve assets of equal value. Approved participants mint NGNb by depositing naira and redeem it for naira at par.

  1. Deposit

    Naira goes into reserve.

  2. Mint

    Equal NGNb is issued.

  3. Redeem

    NGNb is burned, naira paid at par.

Settled in naira.Priced in naira.

Dollar stablecoins are useful for dollar exposure. Used for naira obligations, they add a currency conversion and FX risk nobody asked for. NGNb lets naira settle as naira.

  • Equities

    Quoted in naira.

  • Treasury Bills

    Issued and redeemed in naira.

  • Bonds

    Pay coupons in naira.

  • Funds

    Strike NAV in naira.

  • Businesses

    Invoice and keep books in naira.

  • Pensions

    Invested and paid out in naira.

Both legs, one string.

A tokenised asset is only half a transaction. If the payment still travels through bank rails, the trade waits on cut-offs and one side can move before the other. NGNb puts the naira on the same network as the asset, so both legs settle together.

  • Delivery versus payment

    Both move together, or neither does.

  • Shorter cycles

    Settlement follows execution closely.

  • One record

    Less reconciliation after the fact.

  • Market hours

    Not tied to bank windows.

  • Reusable positions

    Pledge, redeem or move at once.

In circulation

—

Reserve value

—

Reserve ratio

—

Latest attestation

—

Weighed in public.

Circulation will be read directly from the networks. An attestor will publish the reserves onchain, and no NGNb can be minted beyond them.

One naira. Many markets.

  • Capital markets

    Subscribe, trade and redeem tokenised Nigerian securities in naira.

  • Exchanges and trading

    Naira pairs, quotes and inter-venue settlement outside bank hours.

  • Payments

    Merchant settlement, supplier payments and payouts in programmable naira.

  • Treasury

    Move naira across integrated platforms at any hour.

  • Cross-border

    The naira leg in compliant stablecoin corridors.

  • Collateral and credit

    Naira margin, drawdowns and repayments, where supported.

Built for the risk committee.

  1. 01

    Mint and redeem at par

    Direct access for approved institutions, on published participant terms.

  2. 02

    Segregated reserves

    Naira assets held with regulated institutions, separate from operating funds.

  3. 03

    Onchain attestation

    Reserves published onchain, and every mint checked against them.

  4. 04

    Audited contracts

    Reviewed by independent auditors, at published addresses.

  5. 05

    Compliance controls

    KYB for direct participants, sanctions screening and AML monitoring.

  6. 06

    Standard integration

    Common token interfaces and issuer APIs.

Markets never kept bank hours.

NGNb moves on public networks at any hour, including weekends and public holidays. Mint and redemption to bank naira follow the issuer's operating hours.

Issued by Busha.Open to the market.

Busha issues NGNb and is one place to access it. Any compliant exchange, wallet, issuer or protocol can integrate it on the same terms.

Naira is onchain. Build on it.

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