Zimbabwe Approves Seven Fintech Firms for Digital Asset Sandbox

Among the approved firms are Zimbabwe Entrepreneurship Exchange, a blockchain-driven capital-raising platform, and Ndarama Standard, an asset tokenization platform. Questview Brokers, a synthetic trading platform, and Crowdaxe Capital, a web-based crowdfunding platform, also received approval. Procode Platforms and Financial Securities Exchange focus on securities tokenization, while Colmin Resources Zimbabwe handles infrastructure tokenization.

SECZ said the program's goal is to encourage responsible innovation and boost financial inclusion. The regulator warned that any claims made outside the sandbox's approved terms will be treated as misleading. The commission will monitor each participant through its testing period and can issue further directives or guidance as needed.