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GCS, a firm transforming coal ash to high-quality products, has announced AshToken, a cryptocurrency ecosystem dedicated to supporting businesses and users across Nigeria.
According to the company, the ASH Token is a cryptocurrency ecosystem that enables grant funding for sustainable business innovations seeking to eliminate pollution from the global environment while driving the increased adoption of more efficient energy solutions.
The company said the unveiling of this digital asset coincides with promising market trends. According to May 2025 data from Statista Market Insights, Nigeria’s cryptocurrency user base is projected to reach 28.69 million by 2026. This growth is fueled by the country’s young, tech-savvy population, widespread mobile phone penetration, and the increasing demand for alternative financial solutions.
Speaking at the official launch, Ato Andoh, CEO of ASH Token and GCS Fiber, said that the traditional way of project financing has not been helpful to many, and his quest to find alternative solutions led him to crypto.
The ASH Token ecosystem, according to him, can be very helpful, not just to individuals and businesses but to Nations, to help them raise the capital they need to carry out operations.
He added that crypto is a part of society’s fabric now, “Whether we choose to participate or not, it is not going anywhere and it’s going to impact us either as a bystander or an active participant and the earlier we get curious and do some research about it and get ourselves plugged into some worthwhile crypto projects like ASH Token, the better it will be for all of us,” Andoh stated.
Uwem Ekpo, Nigerian Country Director of Ash Token, emphasised the importance of this project, which has been in the US since 2021 but came to Nigeria in 2023.
According to her, the project was brought to Nigeria to create something that can sustain the future.
“ASH Token is not just a crypto campaign. It is here for real-time creating of jobs for the downstream industries,” Ekpo added.
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