cNGN Seeds a Revolution: Naira-Backed Stablecoin Gains Strategic Industry Backing

Wrapped CBDC Ltd is thrilled to announce a significant milestone in the evolution of digital finance with the latest funding round for our flagship naira-backed stablecoin, cNGN. Developed through a dynamic joint venture with leading commercial banks, innovative FinTechs, and other prominent VASPs, cNGN is poised to redefine financial transactions in an increasingly digital world. Although the exact amount raised in this round remains undisclosed, the capital injection reflects robust industry confidence in our vision and operational framework. The strategic funding will be deployed to enhance our blockchain infrastructure, fortify cybersecurity measures, and expand integration with financial ecosystems across the region. This infusion of resources is particularly timely as we strive to scale cNGN’s capabilities and deliver seamless, secure, and efficient transaction solutions to a diverse clientele. In addition to reinforcing the technical robustness of the platform, these funds will support the acceleration of market development initiatives designed to drive adoption among both institutional partners and everyday users. Our collaborative approach, which leverages the industry expertise of our joint venture partners, ensures that cNGN isn't just a digital asset—it’s a catalyst for transforming traditional financial landscapes into agile, transparent, and inclusive ecosystems. As we continue to innovate and push the boundaries of what a stablecoin can achieve, we remain committed to transparency and sustainable growth. This funding not only validates our strategy but also reinforces our pledge to empower individuals and businesses, propelling them toward a future where digital financial empowerment is the norm rather than the exception.