SEC Zimbabwe Approves Participants for Regulatory Sandbox Testing
Key Takeaways
- •The Securities and Exchange Commission of Zimbabwe approved six fintech solutions for Regulatory Sandbox testing.
- •Approved participants include businesses working on capital raising, synthetic trading, crowdfunding, securities tokenisation, asset tokenisation, and infrastructure tokenisation.
- •The sandbox allows approved firms to test products in a controlled and supervised environment for a fixed period.
- •The Commission said the testing programme is designed to promote responsible innovation, financial inclusion, and a fair, transparent, and efficient capital market.
- •The regulator said it will monitor the testing and may issue further guidance, directives, or requirements.
The Securities and Exchange Commission of Zimbabwe (the Commission) has approved the following innovative financial technology solutions for participation in Regulatory Sandbox testing under the Securities and Exchange Commission Regulatory Sandbox Guidelines:
- Zimbabwe Entrepreneurship Exchange — Blockchain Driven Capital Raising Platform
- Ndarama Standard (Private) Limited — Synthetic Trading Platform
- Crowdaxe Capital (Private) Limited — Web-Based Crowdfunding Platform
- Procode Platforms (Private) Limited — Securities Tokenisation Platform
- Financial Securities Exchange (Private) Limited — Asset Tokenisation
- Comin Resources Zimbabwe (Private) Limited — Infrastructure Tokenisation
The Regulatory Sandbox is a controlled, supervised, and timed environment in which approved participants may test innovative products, services, and business models. For firms building products such as tokenisation or crowdfunding tools, the sandbox provides a way to operate under defined parameters while the Commission evaluates how the models function in practice.
Participation in the Sandbox is limited to testing approved solutions within defined parameters and under the Commission’s regulatory oversight during a specified testing period. Any representations to the contrary are treated as misleading.
The objective of the testing programme is to facilitate responsible innovation, enhance financial inclusion, and promote the development of a fair, transparent, and efficient capital market. In practice, the framework gives the regulator a supervised setting to assess emerging market infrastructure before broader use, while keeping participants within the scope of the approved test.
The Commission said it will continue to monitor and evaluate the testing of the approved participants and may issue further guidance, directives, or requirements as deemed necessary.
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