Zimbabwe’s Securities and Exchange Commission (SECZ) has approved seven fintech firms to join its regulatory sandbox testing framework, opening a supervised setting for companies working across blockchain platforms, synthetic trading, crowdfunding, and tokenized services. The program is designed to let approved participants test products, services, and business models before entering the broader financial market.
The selected firms include blockchain capital-raising platform Zimbabwe Entrepreneurship Exchange, asset tokenization platform Ndarama Standard, synthetic trading platform Questview Brokers, and web-based crowdfunding platform Crowdaxe Capital. Procode Platforms, Financial Securities Exchange, and Colmin Resources Zimbabwe were also approved, with operations focused on the tokenization of assets, infrastructure, or securities.
SECZ said the sandbox is intended to support responsible innovation, improve financial inclusion, and promote a fairer, more transparent, and more efficient capital market in Zimbabwe. The regulator added that it will continue to monitor and assess participants during the testing period and may issue additional instructions, guidance, or operating requirements when needed.
Zimbabwe’s Securities and Exchange Commission (SECZ) has approved seven fintech firms to enter its regulatory sandbox testing framework, covering blockchain platforms, synthetic trading, crowdfunding, and tokenized services.
The framework gives approved participants a supervised environment to test products, services, and business models before moving into the broader financial market.
Approved participants
The selected entities include blockchain capital-raising platform Zimbabwe Entrepreneurship Exchange, asset tokenization platform Ndarama Standard, synthetic trading platform Questview Brokers, and web-based crowdfunding platform Crowdaxe Capital.
Procode Platforms, Financial Securities Exchange, and Colmin Resources Zimbabwe were also approved. Their business focus is on the tokenization of assets, infrastructure, or securities.
SECZ’s stated goals
SECZ said the testing program is meant to encourage responsible innovation, improve financial inclusion, and support a fair, transparent, and efficient development path for Zimbabwe’s capital markets.
The regulator added that it will continue monitoring and evaluating participants during the testing period, and may issue additional instructions, guidance, or operational requirements as needed.
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