Nigerian digital asset management company Sycamore has secured an asset management license from the Nigerian Securities and Exchange Commission (SEC). This achievement reaffirms its commitment to the highest standards of financial regulation and market involvement.
SEC License for Sycamore
Sycamore has announced the acquisition of an asset management license from SEC, allowing it to operate as a fund and portfolio manager. 'Securing our SEC license is the culmination of years of building institutional-grade compliance systems that protect investor interests,' said CEO Babatunde Akin-Moses.
New Appointments at Sycamore
Sycamore also announced the appointment of former ARM Securities Managing Director Oluwagbenga Magbagbeola as the head of its asset management division. 'Joining Sycamore allows me to bridge traditional capital markets expertise with fintech innovation at precisely the right time,' he commented.
Innovations and Technology at Sycamore
Sycamore has introduced its proprietary investment platform leveraging artificial intelligence and machine learning to analyze market trends. It also unveiled a mobile app with a multi-currency wallet for currency diversification.
These strategic moves, including the acquisition of a license and technological innovations, firmly position Sycamore among the leaders in Nigeria's asset management market, paving the way for further growth.
