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Zimbabwe adds seven fintechs to blockchain sandbox
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Zimbabwe adds seven fintechs to blockchain sandbox

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  • Zimbabwe has admitted seven fintech companies into its regulatory sandbox.
  • Several participants will test blockchain and digital asset tokenisation projects.
  • The programme aims to support innovation while allowing regulators to assess emerging financial technologies.

Zimbabwe has accepted seven fintech companies into its regulatory sandbox to test new financial technology products under regulatory supervision.

Several of the approved firms will pilot blockchain-based services and digital asset tokenisation projects as part of the programme.

The sandbox allows companies to trial new products in a controlled environment while regulators assess potential risks and benefits.

The latest intake reflects growing interest in tokenising real-world assets and expanding blockchain use in Zimbabwe's financial sector.

Regulators said the programme is intended to encourage innovation while maintaining consumer protection and financial stability.

Digital asset tokenisation converts ownership rights to physical or financial assets into blockchain-based digital tokens that can be traded or transferred more efficiently.

The new cohort marks another step in Zimbabwe's efforts to explore blockchain technology within a regulated financial framework.

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