The Financial Securities Exchange has received approval from the Securities and Exchange Commission of Zimbabwe to operate an asset tokenisation market under the commission’s regulatory sandbox framework. This marks a milestone in the modernisation of Zimbabwe’s capital markets. A regulatory sandbox is a controlled, live-testing environment established by regulators, allowing firms to test innovative products, services, or business models with real consumers for a limited time It aims to foster innovation while ensuring consumer protection, allowing regulators to understand new technologies before creating tailored regulations FINSEC is a licensed Alternative Trading Platform (ATP) and a subsidiary of the Escrow Group, launched in 2016 to formalise marginalised market segments.
The exchange operates a fully automated electronic platform for the issuance, trading and settlement of securities, including equities and derivatives. Asset tokenisation refers to the process of converting rights or economic interests in physical assets into digital tokens that can be issued, held, traded and settled on regulated digital market infrastructure. Unlike cryptocurrencies, asset tokens are fully backed by identifiable underlying assets and are issued within established legal, custodial and regulatory frameworks.
All Zim News – Bringing you the latest news and updates.
