Zimbabwe Expands SECZ Sandbox with Seven Fintech Projects Focused on Tokenization

Highlights:

• The SECZ Sandbox has approved seven fintech projects for regulated testing in Zimbabwe.
• Most of the approved projects focus on turning real-world assets into digital tokens.
• The new projects must complete testing before they can launch commercial services.

Zimbabwe’s Securities and Exchange Commission has admitted seven fintech projects into its regulatory sandbox for controlled testing. The latest intake highlights tokenization as the strongest theme, with four approved projects focusing on tokenized assets, securities, or infrastructure. The commission selected Zimbabwe Entrepreneurship Exchange, Ndarama Standard, Questview Brokers, Crowdaxe Capital, Procode Platforms, Financial Securities Exchange, and Colmin Resources Zimbabwe.

🚨𝗭𝗜𝗠𝗕𝗔𝗕𝗪𝗘 𝗦𝗘𝗖 𝗚𝗥𝗘𝗘𝗡𝗟𝗜𝗚𝗛𝗧𝗦 𝟳 𝗙𝗜𝗡𝗧𝗘𝗖𝗛𝗦 𝗙𝗢𝗥 𝗕𝗟𝗢𝗖𝗞𝗖𝗛𝗔𝗜𝗡 𝗦𝗔𝗡𝗗𝗕𝗢𝗫 𝗧𝗘𝗦𝗧𝗦!

The Zimbabwe Securities Exchange Commission approved seven fintech firms to join a regulatory sandbox.

They will pilot blockchain‑based financing,… pic.twitter.com/jSAA4XHg5T

— Rahul K (@iamrahulinc) July 28, 2026

Zimbabwe Entrepreneurship Exchange will test a blockchain platform that helps businesses raise capital from investors. Crowdaxe Capital will operate a web-based crowdfunding platform that connects businesses seeking funding with investors. Meanwhile, Questview Brokers will test synthetic trading products.

The remaining participants will expand tokenization across different sectors. Ndarama Standard will tokenize traditional assets into digital investment products. Procode Platforms will focus on securities tokenization. Financial Securities Exchange will continue developing its asset tokenization market after receiving earlier project-specific approval. Colmin Resources Zimbabwe will test infrastructure tokenization through blockchain technology.

The latest cohort also builds on Zimbabwe’s first sandbox intake, which included crypto exchanges, digital asset custody providers, tokenization platforms, and blockchain-based financial services. Financial Securities Exchange and Zimbabwe Entrepreneurship Exchange had already secured project-specific approvals before SECZ released the consolidated participant list. The regulator will now evaluate every project before deciding whether it qualifies for commercial licensing.

What SECZ Sandbox Approval Means

Admission into the SECZ Sandbox allows approved companies to test financial products with live users under defined operating limits. However, sandbox participation does not authorize commercial operations. Every participant must still satisfy SECZ’s licensing requirements before offering services to the public.

SECZ accepts applications from licensed securities intermediaries, prospective licensees, and partnerships between them. The framework also covers eligible financial technologies such as crowdfunding, artificial intelligence, automated investment advice, alternative investment platforms, and other approved fintech products.

Each participant must follow an approved testing plan covering customer limits, transaction exposure, operational controls, disclosure requirements, complaint handling, and risk management. SECZ requires every project to complete at least 12 months of sandbox testing. The commission may approve one extension, although the additional period cannot exceed another 12 months.

SECZ may remove a participant that fails testing, breaches sandbox conditions, enters liquidation, or leaves regulatory concerns unresolved. After testing ends, the commission may issue a securities licence, grant conditional approval, introduce additional product requirements, or reject the application. Every company must also prepare an exit plan that protects customers if the project fails to receive commercial approval.

Zimbabwe Strengthens Rules for Digital Asset Firms

Sandbox participation does not replace Zimbabwe’s Virtual Asset Service Provider registration requirements. Companies offering custody, exchange, transfer, or storage services may also need approval under the country’s separate virtual asset framework before launching commercial operations.

Zimbabwe introduced Statutory Instrument 99 in June to regulate Virtual Asset Service Providers under anti-money laundering rules. The regulations require covered businesses to register annually with the Financial Intelligence Unit, which operates under the Reserve Bank of Zimbabwe.

🇿🇼#Zimbabwe moves to regulate #Bitcoin🕊️/cryptocurrency sector by implementing regulations for the cryptocurrency sector, requiring all #BTC/crypto businesses to register with the Financial Intelligence Unit and pay an annual fee of $500. This marks the country's first formal… pic.twitter.com/vaKWwYXbiI

— ₿itcoin Xoe 🇭🇹 (@Bitcoin_Xoe) June 14, 2026

Zimbabwe has also expanded its digital asset framework through broader regulatory reforms. Authorities sought public feedback on cryptocurrency regulations before introducing the latest virtual asset rules. The country also launched a gold-backed digital token and later introduced the ZiG currency through separate monetary initiatives. However, the current sandbox remains focused on capital market innovation and regulated financial products rather than monetary policy.